Coinbase has reached a new landmark: $ 420 billion of management assets (AUM), bypassing the largest American bank in the total assets.
This achievement, which was highlighted by CEO Brian Armstrong, enhances the increasing role of exchange exchange in traditional financing.
More than just an exchange, the CEO says
ARMSTRONG COINBASE is framing differently, indicating that if it is classified as mediation, it will rank eighth in the eighth in terms of AUM. This indicates a development that goes beyond traditional banking services towards a multi -functional financial platform.
His vision is in line with a wider direction: encryption companies integrate traditional financial services, including lending, payments and asset management, in a unified digital ecosystem. Coinbase’s infrastructure can eventually resemble a fully new bank, which simplifies financial transactions while reducing dependence on banking brokers.
Moreover, Givel Guy recently highlighted the enormous increase in the 2024 sizes of Coinbase, as it was 2025 years older.
As one of the largest CEXs in the world, Coinbase has expanded its financial influence, as it has placed itself not only as a trading platform but as a major financial institution. Acquitrong compare Exchang status with New York Community Bancorp (NYCB), which has $ 112.9 billion assets. The bank recently informed a quarter of $ 260 million, while Coinbase to publish A net profit of $ 273 million, celebrating the first quarter of a profit since 2021. The platform currently has 67.1 million users to visit every month.
