Coinbase Research Head: Factors driving crypto growth, such as regulation, ETFs, and stablecoins, will become even stronger in the future.

PANews reported on January 1st that, according to Cointelegraph, David Duong, Head of Investment Research at Coinbase, stated that the momentum driven by crypto ETFs, stablecoins, tokenization, and clearer regulations will further strengthen in 2026, accelerating the adoption of cryptocurrencies.

In his year-end summary, David Duong pointed out that by 2025, spot ETFs will create regulated cryptocurrency channels, digital asset treasuries will emerge as new corporate balance sheet tools, and tokenization and stablecoins will be more deeply integrated into core financial workflows. On the regulatory front, the US has clarified stablecoins and market structure through the GENIUS Act, while Europe is advancing the MiCA regulatory framework, providing clearer policy boundaries for institutional entry. Duong believes this marks a significant stage in crypto's transition from a niche market to global financial infrastructure.

Furthermore, David Duong emphasized that the demand for crypto is no longer dependent on a single narrative, but is driven by macroeconomics, technology, and geopolitics, and the capital structure will also be more long-term and less purely speculative.