Coinbase is the largest cryptocurrency exchange in the U.S.
The company added 3.3 million transacting users in Q1 2021 – a 117% increase
$133 billion in assets were added to the platform, totalling $223 billion in Q1 2021
Wow, that's a hell of a lot of new customers they got in a single quarter. It would appear that crypto fever is hitting a lot of people right now, and that's a great thing as long as that enthusiasm doesn't lead to a bubble like 2017. That's also an incredible amount of assets Coinbase controls--I don't know how it compares to a typical stock brokerage, but it's almost a quarter of a trillion USD. Whew!
I do think the major factors contributing to this growth are :
ATH
Companies now investing in bitcoins, like major ones.
Government finally trying to establish a bridge between them
Pandemic not getting knocked out anytime soon , just look at the situation in India.
All of those are legitimate factors, and I'd add that there looks to be a lot of new individual investors getting into the crypto market. Most of them I'd bet are pure speculators looking for short-term profits, but either way I wouldn't discount their contribution to both Coinbase's growth and to the surge in crypto prices.