Coinbase Institutional Sees Crypto Market Structure Shifting Beyond Classic Boom-Bust Cycles
On 28 December 2025, Coinbase Institutional outlined how crypto markets are moving away from retail-driven boom-bust cycles toward an institutional, macro-linked structure dominated by derivatives. The report argues that regulation, real-economy linkages, and growing institutional use of crypto infrastructure, tokenization, and privacy tools are reshaping market behavior and reducing wild-west dynamics.