Coinbase entered the 100,000 million dollar club

Coinbase, the second largest Bitcoin Exchange (BTC) and cryptocurrencies globally, has consolidated its position in the US stock market when reaching a market capitalization of 100,350 million dollars.

This milestone, registered for the first time in the history of the Exchange, was promoted by a closure of its shares at $ 394 yesterday, Marking a historical maximum from its stock debut in April 2021 (Except for the market launch price that was greater).

In the last three months, The value of Coin’s shares grew by 126%reflecting a strong impulse in the sector.

The increase in the price of Bitcoin, which reached a record of $ 123,000, has been a key engine for this performance, raising interest and activity in the digital asset market.

In addition, the incorporation of Coinbase to the S&P 500 index, which groups the 500 most representative companies in the US economy, amplified its visibility among investors. As the first company focused exclusively on cryptocurrencies to be part of this index, the company marked a precedent for the industry.

On the other hand, Circle’s stock debut, a USDC stable station, in the New York Stock Exchange on June 5, reinforced market confidence in Coinbase. Since the platform generates interest income on USDC reserves, Circle’s solid performance had a positive impact on Coin actions.

Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is positioned as a key actor in the integration of cryptocurrencies into the traditional financial system.

For its part, Bernstein analysts emphasize that The market still underestimates Coinbase’s potential, mainly perceived as a trading platform. However, the increase in the volume of operations in the United States and the income from stablcoins, backed by an evolving regulatory environment, suggests a promising future for the company and a greater relevance in several niches of the cryptocurrency industry.

Among the companies of the “100,000 million club” are giants of the technological sector (Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta), followed by sectors such as Finance (JPMorgan, Visa, Mastercard), Energy (Saudi Aramco), Health (Eli Lilly, United) and consumption (Walmart).