[Coinbase CEO Responds to Being Undervalued by Wall Street: A Typical 'Innovator's Dilemma,' Traditional Finance Shows Clear Divergence in Attitude Toward Crypto] Odaily Planet Daily News – Coinbase CEO Brian Armstrong responded on the X platform to the question of 'why Wall Street always misunderstands or undervalues Coinbase.' He stated that traditional financial institutions currently show a clear divergence in their attitudes toward the crypto industry. Some leading financial institutions are actively embracing crypto assets, with five global systemically important banks (GSIBs) already collaborating with Coinbase. Meanwhile, about half of the major financial institutions are accelerating their crypto strategies and hiring related talent. As regulatory clarity gradually improves, traditional finance's acceptance of the crypto industry continues to grow. However, some institutions remain cautious or even resistant. These institutions' career paths have long been built on the traditional financial system, making them naturally skeptical of the structural disruption brought by crypto. This is similar to how the taxi industry faced Uber, the hotel industry faced Airbnb, and the aerospace industry faced SpaceX. Cryptocurrency is directly disrupting Wall Street, so it’s not surprising that some on Wall Street misunderstand crypto or Coinbase. Additionally, Brian Armstrong disclosed Coinbase's performance data, including a 156% year-over-year increase in total trading volume by 2025, a doubling of market share, a threefold growth in platform custodial assets over three years, and 12 products currently generating over $100 million in annualized revenue. He emphasized that investors should focus on the company’s long-term execution capabilities and track record of delivering results, rather than solely relying on analyst model predictions. He also noted that since GAAP net income includes unrealized gains and losses on the company’s crypto holdings, adjusted net income better reflects the true operating performance.