John D'Agostino, Head of Institutional Sales at Coinbase, stated that Coinbase is committed to migrating its financial infrastructure to blockchain, with the goal of becoming a fully functional and integrated financial platform for cryptocurrency. The growth comes from four directions: firstly, derivatives, as the company acquired Deribit for $2.9 billion; The second is tokenized securities, which have completed the tokenization of about 20 stocks and expanded to assets such as REITs, with a market size of approximately $15 trillion; The third is DeFi, where Coinbase serves as the deployment provider for the Hyperliquid platform's USDC treasury, with approximately $5 billion in USDC earnings used to repurchase HYPE tokens; The fourth is stablecoins, continuously deepening the coverage of USDC on the chain.
