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$Coinbase’s $100 billion milestone sparks trillion-dollar company speculation

Coinbase has crossed a significant milestone, reaching a market capitalization of over $100 billion amid renewed momentum across the crypto sector.

According to Google Finance data, shares of Coinbase $COIN reached a new all-time high of $398.50 during trading hours on July 14. 

However, the stock’s value ended the day at around $394, reflecting a 2% increase during the period.Considering this performance, Kylie Reidhead, co-owner of the crypto media outlet Milk Road, suggested that Coinbase could grow into a trillion-dollar company.

He likened Coinbase’s trajectory to the rise of Amazon in retail and Netflix in entertainment, adding that the US-based crypto exchange is positioning itself as a pillar of “upgrading” the current financial system.

Reidhead noted that this positioning could help the Brian Armstrong-led firm overtake traditional banking giants like JPMorgan as crypto infrastructure becomes more integrated with mainstream finance.