Coinbase's market value exceeds $100 billion for the first time

As the price of Bitcoin hit a new record high, Coinbase (NASDAQ: COIN), the largest cryptocurrency exchange in the United States, reached two major milestones in trading on Monday: its share price closed at $394.01, and its market value exceeded the $100 billion mark for the first time, reaching $100.356 billion, further consolidating its leadership in the global crypto financial field.

In the past month, Coinbase's stock price has risen by more than 50%. This round of gains is driven by multiple positive factors:

Bitcoin prices soared: Affected by ETF fund inflows, macro hedging needs and institutional entry, Bitcoin prices continued to break through the barrier, boosting overall market confidence.

US regulation turned positive: The SEC and CFTC have softened their coordination attitude on encryption policies recently, and the market expects regulatory paradigms such as MiCA to push the United States to move towards clarity.

Coinbase's market value now exceeds that of some traditional financial giants and ranks among the top financial technology companies in the United States. The company not only provides trading services, but also has in-depth layouts in multiple key tracks such as stablecoin custody, Web3 wallets, on-chain analysis and compliance support.

Market analysts believe that if mainstream assets such as Bitcoin and Ethereum maintain strong performance, coupled with clear compliance policies and continued entry of institutions, Coinbase's next stage of growth space will still be further opened.