Exchange Crypto Coinbase asserts itself as force majeure in the American financial sector, with more than $ 420 billion in management assets. This rise in power occurs while the company is carrying out a fierce fight against the banking restrictions imposed on the crypto sector.
Coinbase now exceeds many American banks
Coinbase, listed at the Nasdaq under the Coin symbol, crossed a significant milestone in its development. CEO Brian Armstrong revealed on February 6 that the company managed around $ 420 billion in customer assets, which would make it the 21ᵉ largest bank in the United States in terms of total assets. This position is all the more remarkable since the company would also be classified as the 8ᵉ largest broker in the country in terms of assets under management.
“” If you consider Coinbase as a bank, we now have about 0.42 T $ of assets for our customers, which would make us the 21ᵉ largest bank in the United States in terms of total assets. And this figure continues to grow »»,, said Armstrong on his X account (ex-Twitter).
This growth testifies to a profound transformation of the financial sector, where traditional boundaries between banking services, investment and payments gradually fade. Coinbase users are now based on the platform for a full range of financial services, from investment to loans, including daily payments.
The volume of stablecoins transactions reached nearly $ 30,000 billion last year, demonstrating the growing adoption of cryptos in current financial transactions. This evolution marks a crucial step in Armstrong's vision of a unified financial system based on blockchain.
A showdown with regulators for the future of the sector
In addition to this expansion, Coinbase waged a crucial legal and regulatory battle. On February 4, 2025, the company sent a letter to the main American banking regulators (Fed, FDIC and OCC) demanding the end of restrictions that limit access to crypto companies to traditional banking services.
Faryar Shirzad, director of public affairs, denounces obstacles ” unilateral and without democratic justification Which hinder the development of the sector.
This offensive comes at a strategic moment, while the congress organizes crucial hearings on the phenomenon of “debanking” of Crypto companies. Paul Grewal, legal director of Coinbase, must in particular defend the position of the company in front of the Senate and the House of Representatives.
Armstrong's vision for the future is clear: a modernized financial system where a single crypto account can meet all of the user financial needs. “” A higher percentage of world GDP will circulate on more effective crypto rails “, He predicts, thus promising” a healthy currency, less restrictive transactions and greater economic freedom for all ».
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