Crypto Gloom

A play to dominate the future of finance within the inside of Coinbase

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Coinbase extends beyond encryption transactions to stablecoins and institutional services, which uses regulatory support, strategic partnerships, and include S & P 500 to lead the adoption and reconstruct global finance.

A play to dominate the future of finance within the inside of Coinbase

Coinbase CEO Brian Armstrong has shared an ambitious plan to make the encryption platform into the world’s best financial service app in the next decade. Armstrong believes that opportunities are in the evolution of the industry because traditional financial players adopt more and more encryption.

On CNBC’s quarterly revenue calls, Armstrong emphasized the focus of Coinbase on transactions and payments between various customers.

He predicts that as Crypto continues to reconstruct financing, Coinbase’s position as a major crypto company will be promoted as the forefront of global financial services.

Expansion

Coinbase has steadily evolved from Cryptocurrency to a wider financial platform and provided services beyond transactions. Such services include payments through stablecoins, rewards, steaks and institutional custody. More than 200 institutional customers, such as Blackrock, STRIPE and PAYPAL, use Coinbase’s products to expand the scope of the company within traditional financial finance.

Recent regulatory changes have also opened a way of institutional interest in encryption. The US Monetary Manager (OCC) has recently allowed regulatory banks to participate in encryption activities such as management according to similar measures of Federal Reserve Bank and FDIC. These changes occur after years of regulation restrictions.

In order for the Trump administration to solve the encryption regulations and the Congress will pass the Starble Lecoin bill, financial institutions are eager to integrate the encryption solution. Armstrong believes that all major banks eventually adopt encryption and modernize their financial systems.

Coinbase is well -equipped with custody and stafflechoin solutions, but Armstrong warns that the best approach is interoperable. “You want interoperability with other financial institutions to solve the payment and do all kinds of work.

Biggest driver

Stablecoins has emerged as one of Coinbase’s largest profit drivers after trading. In 1Q, STABLECOIN sales surged 50%year -on -year and 32%of the previous quarter.

Coinbase, the co -founder of USDC Stablecoin, shares 50%of its profits with the issuer circle and obtains 100%of USDC products on the platform. Armstrong has set up a “stretch goal” to make USDC the world’s best Starble Recon. Armstrong said, “If we can get a sharing economics, I don’t know why we will not see more banks that have partnered with USDC.”

Coinbase Global stock rises. The company will join the S & P 500.

The stock price rose significantly after the news that Coinbase Global (Coin) will be added to the famous S & P 500 index by Crypto Exchange. After an optimistic trading day, when stocks rose 4%, Coinbase stocks surged more than 9% in overtime transactions, approaching the level after January. This development spent about $ 102,980 as Bitcoin was strong.

It is the historic first of the crypto company that included in Coinbase’s S & P 500. The exchange will replace the index’s Discover Financial Services (DFS) before it is traded on Monday. DISCOVER merger with Capital One Financial (COF), and the regulatory approval for this transaction was given in April.

Following the S & P 500 announcement, Coinbase’s shares have been the largest rally in a few months and have surged rapidly since Trump’s 2016 elections, which rose 24% on Tuesday.

Coinbase’s entry into the S & P 500 is expected to lead more institutional investment, and the funds that track the index will now include the company in the portfolio. In the case of Coinbase, this is another stage of confusing but modified journey, and it is firmly established in the mainstream financial world among the cryptocurrency of the encryption market.

Coinbase exits the paypal stablecoin fee as the payment race heats up.

Coinbase removes PayPal’s Stablecoin and PayPal USD (PYUSD) purchase costs to increase the adoption of both consumers and institutions and remove fees to increase chain opportunities.

In a recent blog post, Coinbase explained the goal of “accelerate adoption, distribution and utilization,” which was struggling to obtain traction since its launch in 2023. Pyusd is less than 1% of the Stablecoin market, which has a market cap of only $ 770 million.

The two companies plan to improve global commerce, distributed financing and other heated use cases by cooperating with Stablecoin -based solutions. Paypal CEO Alex Christ expressed passion for partnership with the aim of leading innovation and adopting digital currency. This movement reflects the growing competition in the stablecoin space when major players exercise their market share and influence.

Stablecoin Gyeongju

As Congress is expected to pass the encryption bill for Stablecoins in 3Q, competition for payment is being strengthened. Stablecoins, traditionally used for trading and borrowing in Crypto Market, is now gaining traction among institutions that seek more efficient and efficient ways to transfer global values ​​other than global finance.

Circle, the issuer of USDC, recently challenged PayPal’s business by starting a payment and remittance network for financial institutions. Ripple entered the market with RLUSD (RLUSD) in December.

According to Coinbase CEO Brian Armstrong, more than 430 million user networks of PayPal offer a serious opportunity to strengthen the adoption of Stablecoin.

Coinbase has been pursuing a vision for the global economy based on cryptocurrency by diversifying profits beyond encryption transactions using stable stability such as USDC. Armstrong has a “stretch goal” to make USDC the world’s best Starble Recon.

Do you dominate the coinbase?

As Coinbase developed into a full -fledged financial powerhouse in the encryption trading platform, ambitions were clearly mapped from becoming the world’s No. 1 financial service app to leading the claim for Stablecoin Revolution.

With strategic partnerships, institutional adoption expansion and entering S & P 500, Coinbase is helping to form the future without any ride of password.

When regulations catch up with innovation, we focus on the interoperability and utility of Coinbase.

disclaimer

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About the author

Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.

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Alisa Davidson

Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.

More