On February 8, Bitwise chief investment officer Matt Hougan tweeted that Coinbase could become a $1 trillion company. The former government’s regulatory restrictions instead set up a moat for Coinbase, keeping it high profits and expanding new businesses. Now that the regulatory environment is eased, Coinbase is in its best expansion period, and if the crypto market continues to grow, it is expected to be among the world's largest financial institution. CEO Brian Armstrong previously said that Coinbase holds $0.42 trillion in client assets, equivalent to the 21st largest bank or the 8th largest brokerage firm in the United States.