Coinbase stock COIN surged past the $350 point for the first time since early 2022, closing the week with a 14.6% gain. The chart looks like a full breakout moment, and now the conversation around Coinbase isn't just about crypto trading anymore — it's shifting toward serious comparisons with the traditional financial elite.
Cathie Wood, the head of ARK Invest and long-time COIN bull, lit up the conversation with a fresh take saying that Bitcoin holders might soon turn to Coinbase to collateralize crypto and finally access mortgages.
The logic? Most of these users have been locked out of legacy finance — and Coinbase, with its custodial infrastructure, could be the bridge that unlocks real-world value using on-chain wealth. She framed it as a game-changing moment: Converting Bitcoin into leverage for a home purchase, all within a regulated U.S. platform.
But what really set fire to the debate was when pro-Ripple attorney John Deaton stepped in. Echoing Wood's forecast, Deaton called Coinbase a "must-have blue chip stock" and positioned it alongside legacy giants such as Goldman Sachs, JPMorgan and American Express.
It's not just a crypto exchange anymore, he said; it's entering Wall Street's inner circle.
If you zoom out, the chart tells the same story. Weekly candles have been vertical in June, with COIN up nearly 100% in the last two months alone. There's volume, momentum, and — most importantly — narrative.
Should Coinbase become the platform where crypto holders can unlock mortgages, tap credit and get into traditional finance, it's not just joining Wall Street, it's completely changing the game.
Vladislav Sopov
U.Today Editorial Team