Coinbase is actively working with several large U.S. banks on pilot programs involving stablecoins, crypto custody, and trading services. The disclosure was made by CEO Brian Armstrong at the New York Times DealBook Summit on December 3rd, signaling a significant move by traditional financial institutions to integrate digital assets. [1, 2, 4] Armstrong, appearing alongside BlackRock CEO Larry Fink, stated that "the best banks are leaning into this as an opportunity." [1, 4] While the specific banks were not named, the announcement highlights Coinbase's growing role as a key infrastructure partner for Wall Street's engagement with crypto. The news was met with a positive market reaction, as Coinbase shares rose over 5% during trading on December 3rd. [4]