Coinbase Global Inc.(NASDAQ:COIN) has experienced a significant surge in customer adoption and trading activity across its platforms, driven by the launch of severalBitcoin(CRYPTO: BTC) spot ETFs in the U.S. during the first quarter of 2024.

What Happened: Coinbase's co-founder and CEOBrian Armstrongattributed the record growth to the excitement around Bitcoin ETFs. This led to all-time highs in trading volume and active clients, particularly in the institutional business.

"The excitement around Bitcoin ETFs drove new customer adoption across our product suite," said Armstrong. "We saw all-time highs in trading volume and...