CryptoNews

Coinbase Will Be $1 Trillion Company, Says Bitwise CIO

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, believes crypto exchange Coinbase (Nasdaq: COIN) will be a $1 trillion company in the future, following its acquisition of Deribit. In a statement on X, Hougan signaled strong confidence in Coinbase’s strategic direction, stating: “This is an insanely great acquisition. Coinbase is going to be a $1 trillion company some day.” The $2.9 billion deal positions Coinbase at the forefront of the crypto derivatives market, as Deribit is the leading exchange for bitcoin and ethereum options. As of May 8, 2025, Coinbase Global Inc. has a market capitalization of approximately $50 billion, making Hougan’s forecast an ambitious twentyfold leap. His bullish outlook reflects broader market sentiment that sees derivatives as a critical growth engine, potentially propelling Coinbase into the trillion-dollar valuation tier as it cements its dominance in institutional crypto finance.

Source: Bitcoin

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