Yahoo Crypto Market • October 8th 2026, 2:03 PM
Coinbase Targets Banks As Institutional Crypto Adoption Grows
Key Summary
Coinbase Global is expanding its services to banks and other traditional financial firms as institutional adoption of cryptocurrencies continues to grow, with the company targeting banks as infrastructure providers for their digital asset services.
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Growing Institutional Adoption
Cryptocurrency exchange Coinbase Global is targeting banks as institutional adoption of cryptocurrencies continues to grow. In a media interview, Liz Martin, head of Coinbase Institutional, said banks are launching their own digital asset services and Coinbase is serving as their infrastructure provider.Expansion of Services
Coinbase and other crypto firms are building their prime brokerages and offering services such as custody, trading, financing, and settlement to leading banks around the world. On Oct. 8, Coinbase Global announced that it will provide custody balances of Circle's stablecoin via its Coinbase Prime institutional platform.Integration and Expansion Plans
Coinbase also recently said that it had finalized the integration of Deribit and would soon link its U.S. and international crypto-derivatives markets in one liquidity pool.Market Performance
COIN stock has declined 55% over the last 12 months to trade at $175.11 U.S. per share.#Bitcoin#US#Crypto#SEC#Banks#InstitutionalCrypto