Everything on Market Scale

Coinbase's institutional business now holds over $300 billion in assets, surpassing its retail segment. This scale transforms the company into a systemic infrastructure player rather than just an exchange.

Impact: This scale provides a significant moat against new entrants and positions Coinbase as a critical node in the global financial system.

— from Coinbase Institutional Strategy: Tokenization and Stablecoin Payments · The Milk Road Show· Feb 05, 2026