Coinbase Makes History: First Crypto Exchange to Hit $100 Billion Valuation

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Coinbase has shattered expectations, surpassing a $100 billion market cap for the first time as Bitcoin’s record-breaking rally supercharges demand for crypto equities.

Shares of the US exchange giant closed at an all-time high of $394.01 on Monday, extending a blistering 50% monthly gain.

The surge follows a watershed year for Coinbase, including its landmark inclusion in the S&P 500 and a wave of Wall Street optimism—Bernstein analysts recently boosted their price target to $510, heralding the firm as crypto’s answer to Amazon.

The milestone reflects a broader resurgence in crypto markets, with Circle’s IPO success and regulatory tailwinds adding momentum. As the first pure-play crypto company to crack the $100 billion club, Coinbase’s ascent signals institutional faith in digital assets is stronger than ever.