币界网报道：Coinbase is experiencing a resurgence as regulatory clarity and institutional interest boost its prospects. The U.S. SEC approved the exchange's registration as a futures commission merchant, allowing it to offer crypto derivatives to eligible customers. This regulatory win follows a federal court ruling that the SEC must reconsider Coinbase's petition for crypto-specific rules. Meanwhile, institutional adoption is accelerating, with Coinbase Custody now safeguarding over $100 billion in crypto assets. The exchange also secured a key victory when a judge dismissed a lawsuit alleging it sold unregistered securities, though the SEC's separate case continues. Analysts note these developments, combined with Bitcoin ETF approvals and the upcoming halving, create favorable conditions for Coinbase's rebound after its stock plunged 86% from 2021 highs. The company reports growing institutional demand, particularly for staking services, with $30 billion currently staked through its platform.