Coinbase has emerged as a leading player in the financial sector, ranking fifth globally in exchange revenue with $5.75 billion in 2024. This performance surpasses traditional financial institutions like Nasdaq and CBOE. Coinbase accounts for 11% of global exchange revenue, outpacing decentralized exchanges, which hold a 5% share. Despite this growth, Ark Invest, led by Cathie Wood, recently sold $3.9 million worth of Coinbase shares, equivalent to 13,780 shares, following a market downturn triggered by Federal Reserve Chair Jerome Powell's hawkish speech. Coinbase's stock closed at $279.86, down 10% but remains up 61% year-to-date. Ark Invest retains $110 million in Coinbase holdings, representing 9.9% of its ARKF portfolio. Additionally, Coinbase Advanced has seen a surge in trades and derivative volume in 2024. Bitcoin tumbled to $100K amid broader market reactions.