Coinbase has formed partnerships with PNC, JPMorgan Chase, and Citi to enable Bitcoin trading, account funding, and stablecoin payments for various client groups and use cases.

Discussion covers quantum-related developments, ETF custody, and the idea of “safe forever” in institutional crypto custody and regulation.

Tejpaul envisions a shift from an “Amazon to AWS” style expansion within Coinbase’s ecosystem to activate the entire U.S. market through their infrastructure.

Stablecoins remain a peripheral step in the broader trend, with payment providers leading the way before banks fully integrate.

Tejpaul notes a high volume of stablecoin activity, estimating around $400 million per hour, underscoring stablecoins’ growing role in payments.

Broader themes include agentic commerce, the link between traditional finance and crypto markets, and Bitcoin evolving as a leveraged tech trade rather than a core investment.

Seven of the world’s largest banks are using Coinbase infrastructure, signaling institutional adoption and labeled a “Kodak moment” for the industry by Brett Tejpaul.

The interview discusses greater U.S. funds integration into Deribit’s options market and Coinbase’s broader infrastructure enabling more entrants and scale in crypto markets.

Institutional crypto adoption is driven by stablecoin payments via instant, blockchain-based transfers from traditional banks to USDC and into corporate accounts.

Milestones cited include PNC’s December 2025 direct Bitcoin access via Coinbase Crypto-as-a-Service and JPMorgan’s blockchain payment initiatives.

Stablecore’s community-banking integration aims to extend Coinbase services to over 3,000 U.S. banks and credit unions, enabling crypto activities while banks retain branding and relationships.

The article notes that viewpoints are those of participants, not official policy, and advises consulting advisors for financial decisions.