Coinbase Surpasses 100 Million Transactions on Base Network

Coinbase's x402 protocol on the Base network has exceeded 100 million transactions in nine months, demonstrating robust institutional adoption.

The integration of Coinbase's payment technology by major corporates such as Amazon and Google supports growing institutional demand. This momentum is fueled by statements from CEO Brian Armstrong, positioning crypto as foundational infrastructure for AI-driven financial activity.

Technically, COIN is trading below its key moving averages, with bearish sentiment prevailing. However, the probability favors a bullish breakout above resistance at $167.65. The immediate support is seen near $148.32.