Coinbase Vulnerable to Bitcoin ETFs After 400% Stock Surge in 2023

Following the recent approval by the Securities and Exchange Commission (SEC) for the creation of Bitcoin exchange-traded funds (ETFs), Coinbase is positioned for a significant transformation within the crypto market. The popular cryptocurrency exchange will be crucial in guiding major asset management firms, including BlackRock, Franklin Templeton, and WisdomTree, into the digital asset ecosystem in the coming weeks. Custody Revenue Growth and Concerns for Coinbases Core Transaction Business While the custody of digital assets presents a lucrative growth opportunity for Coinbase in...

source: https://tokenpost.com/Coinbase-Vulnerable-to-Bitcoin-ETFs-After-400-Stock-Surge-in-2023-11057

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