Coinbase Stock Coin surged beyond 350 points for the first time since early 2022, closing the week with a profit of 14.6%. The charts look like a complete breakout moment, but now the conversation around Coinbase is moving towards a serious comparison with traditional financial elites, not just crypto trading.
Cathie Wood, the longtime Coin Bull head, lit up the conversation with a new take, saying that Bitcoin holders would be responsible for encryption towards Coinbase and could ultimately access the mortgage.
logic? Most of these users are locked out of legacy finance, and Coinbase has its management infrastructure and could be a bridge that uses on-chain wealth to unleash real-world values. She framed it as a game-changing moment: converting Bitcoin into leverage for home purchases, all within a regulated US platform.
I agree with Cathy – this is great news for @coinbase. At this point, I think Coinbase needs to move forward with its blue chipstock. Compared to previous eras, I think about Goldman Sachs, Merrill Lynch, CME, American Express, or JPM. https://t.co/estayrclno
-John E Dealon (@Johnedeaton1) June 29, 2025
But it was when Proripple’s lawyer John Deaton stepped in that it really sparked the debate. Repeating Wood’s predictions, Deaton called Coinbase the “essential blue chip stock” and placed it alongside legacy giants such as Goldman Sachs, JPMorgan and the American Exps.
It’s not a crypto exchange anymore, he said. It’s inside the Wall Street circle.
Zoom out and the chart tells the same story. In June, weekly candles have become vertical, increasing by almost 100% over the past two months alone. There is volume, momentum, and most importantly, the story.
If Coinbase becomes a platform where Crypto Holders unlocks your mortgage and taps credits to enter traditional finance, you’re not only going to join Wall Street, but you’re completely changing the game.