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Brian Armstrong: Wall Street misreads Coinbase; 12 products earn over $100 million
On February 17, 2026, Brian Armstrong said in an analyst AMA and a post on X that Wall Street undervalues Coinbase and misreads its strategy. He cited operating data, including 156% year‑over‑year trading volume, market share doubling in 2025, and 12 products each generating over $100 million annually, and noted that five GSIBs have begun collaborating with Coinbase.