Coinbase’s CEO says major banks now see cryptocurrencies as an existential threat to their business, pushing them to accelerate digital asset strategies amid rising competition and regulatory scrutiny.
Bank of America upgraded Coinbase to “Buy,” citing growth prospects from its Base blockchain, rising tokenization activity, and improving crypto market conditions that could drive higher trading volumes and fee revenue.
JPMorgan is reportedly exploring crypto trading services for institutional clients, signaling a potential shift on Wall Street as major banks weigh growing demand for digital asset exposure.
As 2025 unfolds, Ethereum cements its role as the institutional backbone of crypto, even as DeFi and community governance chip away at legacy finance’s ivory tower and reshape digital markets.
Coinbase and Standard Chartered are expanding crypto prime services for institutional clients, aiming to boost liquidity, enhance custody options and streamline large-scale digital asset trading.
VerifiedX partners with Crypto.com to provide institutional custody and liquidity solutions, combining VerifiedX’s compliance and onboarding tools with Crypto.com’s trading, custody and liquidity infrastructure.
BlackRock has deposited $348M in Bitcoin and $117M in Ethereum into Coinbase Prime, signaling institutional confidence and fueling renewed market focus on custody flows and potential price impact.
Bybit, DigiFT and UBS uMINT team up to broaden institutional collateral solutions, linking crypto liquidity, tokenized assets and banking rails to speed settlement, reduce frictions and improve risk controls.
South Korea’s largest banks reportedly held talks with Tether and Circle to explore stablecoin partnerships, seeking regulated payment rails and crypto integration amid tightening oversight.
In a recent statement, Tyler Winklevoss revealed that JPMorgan has allegedly blocked Gemini’s banking services in retaliation for public criticisms of the financial giant. This move raises concerns about the intersection of finance and free expression in the crypto space.