Coinbase Institutional Research organization
Overview
Coinbase Institutional Research is the research function serving Coinbase's institutional clients, led by David Duong as global head of investment research. It publishes a recurring set of products: an annual Crypto Market Outlook, a Monthly Outlook series and market intelligence notes, plus webinars such as the 'Ask Coinbase Research' sessions. Its 2026 Crypto Market Outlook argued that crypto markets are positioned for transformative growth as clearer regulation and accelerating institutional integration deepen crypto's role in the core financial system, with Duong and his team attributing the shift to policy clarity finally motivating banks and corporations to build the technical infrastructure needed to move activity onchain. Duong characterised 2025 as an 'extraordinary' period for the ecosystem despite what he called 'lackluster price action', arguing the asset class is defined by accelerating institutional adoption and a more diverse investor base reshaping demand. Key themes covered in the 2026 research agenda include the macro landscape, technological change, regulatory progress, tokenisation and stablecoins. The research function has grown alongside Coinbase's institutional business into a regular publisher of outlooks and market intelligence; David Duong serves as global head of investment research.
Within the DeFi Intel graph, Coinbase Institutional Research connects to 7 tracked entities, most strongly to Coinbase, David Duong, Coinbase Base (L2 Chain).
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 7 total).
| Relation | Connected entity | Confidence |
|---|---|---|
employs | Coinbase | 99% |
employs | David Duong | 98% |
published_by | Coinbase Base (L2 Chain) | 97% |
published_by | Coinbase 2025 Crypto Market Outlook | 97% |
published_by | Coinbase 2024 Crypto Market Outlook | 97% |
published_by | Coinbase Guide to Crypto Markets Q1 2025 | 95% |
published_by | Coinbase Institutional Monthly Outlook: Tension and Transition (March 2025) | 94% |
Frequently asked questions
Who leads Coinbase Institutional Research?
David Duong, global head of investment research at Coinbase.
What does Coinbase Institutional Research publish?
An annual Crypto Market Outlook, a Monthly Outlook series, market intelligence notes and webinars such as 'Ask Coinbase Research'.
What did Coinbase's 2026 outlook say?
That crypto markets are poised for transformative growth as clearer regulation and institutional integration deepen crypto's role in the financial system.
What themes does the research cover?
The macro landscape, technological transformation, regulatory progress, tokenisation and stablecoins.
How did Coinbase Research characterise 2025?
Duong called it an 'extraordinary' year for the ecosystem despite 'lackluster price action', citing accelerating institutional adoption.
Sources
Facts on this page were verified against the following sources.