Coinbase continues to hold its dominant position in the United States crypto exchange landscape even as rival firms go public and broaden product offerings. Analysts attribute Coinbase’s share stability to deep institutional liquidity pools, unified product ecosystem scale, and superior retail adoption driven by brand familiarity. The exchange also benefits from compliance alignment credibility, enabling smoother institutional participation during volatile crypto phases. Industry trackers said Coinbase’s sustained lead highlights the increasing divergence between US-based regulated exchanges and offshore venues misaligned with upcoming policy, custody and consumer protection frameworks.