Summary
Coinbase’s provision of custodial services for 8 out of 10 spot bitcoin ETFs positions it as a significant player in the industry, leading to potential benefits for the platform.
Key Points
1) Coinbase’s custodial services have positioned it as a key player in the market for spot bitcoin ETFs.
2) The addition of ETFs on Coinbase has been beneficial for the platform, with early signs indicating a positive outcome.
3) The availability of ETFs on Coinbase offers a win-win situation for both the exchange and its users, providing increased accessibility and opportunities in the cryptocurrency market.