Vast Bank has been helping select individuals purchase crypto with their bank accounts since February.
Coinbase builds on its custody license win with AML-compliant solution in Germany.
Needham projects a 467% increase in 2021 revenue for Coinbase.
President and COO Emilie Choi in a Twitter post on Monday clarified earlier language on the crypto exchange's website.
Bitcoin rallied after Coinbase announced it will add crypto to its balance sheet.
Coinbase CEO Brian Armstrong tweeted the crypto exchange will also invest 10% of its profits in cryptocurrency.
Mitsubishi UFJ Financial Group will provide Coinbase's Japanese customers access to the exchange via its MUFG Quick Deposit product.
The crypto exchange increased its reserves from $1.1 billion at the end of 2020.
Analysts expect traders to take a breather after the crypto's recent rally.
The Santa Clara, Calif.-based company appears to have purchased the shares in its Q2 ending June 26.
The exchange posted earnings on Tuesday after the stock market close that beat analysts' estimates.
On firm says Coinbase investors should be wary, predicting the crypto exchange won't maintain "blowout earnings" in the future.
A source said PNC, the fifth-largest bank in the U.S., plans to offer crypto investment services to clients.
The largest cryptocurrency exchange in the U.S. warned, however, that its number of monthly transacting users and trading volume would be lower in the third quarter.
Investors will be watching to see how much Coinbase has earned on the strong retail trading volumes experienced in Q2.