Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

The CEO of Coinbase has recently stated that large financial institutions are increasingly perceiving cryptocurrency as an ‘existential’ threat to their traditional banking operations and overall business models. This shift in perspective highlights the growing recognition among major banks that the rise of digital currencies and blockchain technology could undermine their established services, potentially disrupting their dominance in the financial sector. As cryptocurrencies gain traction and popularity among consumers, banks are realizing that they must adapt to this evolving landscape to remain relevant and competitive. source: https://www.coindesk.com/business/2026/01/24/coinbase-ceo-says-big-banks-now-view-crypto-as-an-existential-threat-to-their-business