Coinbase Attracts Long-Term Investor Interest as Major Banks Adopt Its Crypto Infrastructure

Coinbase is drawing increased attention from long-term investors as major financial institutions integrate its backend infrastructure to offer cryptocurrency services. The company reported third-quarter revenue of $1.87 billion, exceeding analyst expectations of $1.8 billion and driving a 9% rally in COIN stock. Analysts highlight partnerships with J.P. Morgan, Citi, and PNC as evidence that Coinbase is becoming foundational infrastructure for traditional banks entering crypto markets.