Coinbase Launched Crypto-as-a-Service Platform to 200 Institutions as Wall Street Turns Bullish

Coinbase Expands Reach with Crypto Integration for 200 Institutions

Coinbase has launched an enhanced Crypto-as-a-Service (CaaS) platform, providing leading banks, brokers, fintechs, and payment firms worldwide with infrastructure to develop digital asset products, including trading, custody, and stablecoin solutions.

On June 25, 2025, CEO Brian Armstrong highlighted this expansion on X, revealing that the company is powering crypto integrations for approximately 200 institutions. He stated, “Under appreciated: @coinbase is powering crypto integrations for ~200 banks, brokerages, fintechs, and payment companies.”

The CaaS platform supports a wide range of assets, aligning with a surge in institutional adoption driven by U.S. regulatory shifts allowing banks to engage with crypto. Coinbase, managing $328 billion in digital assets and holding 12% of global Bitcoin and 11% of Ethereum staking assets, positions itself as a key bridge between traditional finance and the crypto ecosystem.

Armstrong’s invitation to collaborate underscores the platform’s role in enabling seamless integration, though some X users have raised account-related concerns.

Wall Street Boosts Coinbase with $510 Price Target

In a parallel development, analysts have signaled strong confidence in Coinbase’s future. A recent analysis raised the company’s price target to $510 from $310, maintaining an “outperform” rating. The report underscores Coinbase’s role as “the most misunderstood business in crypto,” citing its unmatched scale in connecting retail, institutional, and on-chain infrastructure.

In line with these bullish developments, Coinbase’s stock has climbed for five consecutive trading days. According to Yahoo Finance, its share price has surged over 39% in the past five days, breaking above $360.

Despite broader bearish sentiment, Coinbase is solidifying its position as crypto’s “universal bank,” uniquely bridging retail, institutional, and on-chain infrastructure at an unmatched scale.

The company generates significant revenue from Circle’s USDC stablecoin, which accounts for about 15% of its total revenue and is rapidly expanding through integrations like Shopify. Recently, Coinbase agreed to acquire derivatives exchange Deribit, signaling its intent to broaden its global offerings.

Analysts led by Gautam Chhugani highlighted that Coinbase stands to benefit from regulatory developments such as the GENIUS Act and the forthcoming CLARITY Act.

Bernstein also noted that Coinbase remains the only crypto-native company in the S&P 500 and continues to dominate U.S. trading volumes despite increasing competition.

Market Response to Institutional Momentum

Combined with the recent wave of bullish developments — including the expansion of Coinbase’s CaaS platform and a raised price target of $510 — Coinbase stock has rallied for five consecutive trading days. According to Yahoo Finance, shares have surged over 40% during this period, climbing past $360 and continually setting new all-time highs as investor confidence accelerates.

Security Concerns and Long-Term Vision

Coinbase’s expansion has faced significant challenges. In May 2025, a network breach involving bribed overseas customer service agents resulted in the leak of sensitive customer data and estimated losses ranging from $180 million to $400 million. While no passwords or private keys were affected, the incident has sparked discussions on security. In response, the company has implemented enhanced security measures and strengthened oversight of third-party vendors, demonstrating its commitment to protecting users and maintaining resilience amid adversity.

Looking ahead, Armstrong envisions a transformative role for Coinbase, predicting that “the on-chain is the new online.” At a recent global forum, he emphasized the need for clear regulations, forecasting that 10% of global GDP could run on crypto tracks by century’s end.

With institutions increasingly turning to Coinbase’s infrastructure, the exchange’s journey from a startup to a crypto “universal bank” continues to gain momentum.