Coinbase Will Benefit From Spot Bitcoin ETF Approval: Wedbush
The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said.
The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said.
“Project Diamond” lets institutions create and trade digital native versions of financial instruments such as debt using Base in a regulated manner.
Pantera Capital’s Dan Morehead believes a spot bitcoin ETF will ‘fundamentally change access’ to bitcoin, while analysts at JPMorgan say it could be a threat to Coinbase in the medium term.
The crypto exchange’s third quarter transaction revenue fell 12% from previous quarter.
Stand With Crypto, the campaign that’s meant to bombard lawmakers with crypto supporters in their own backyards, says it’s off to a fast start (with a lot of help from Coinbase).
Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.
The U.S. crypto exchange is ready to argue the SEC’s claims about unregistered securities are missing evidence of actual contracts.
Political headwinds could blunt the impact of the crypto exchange’s ramped-up lobbying efforts, the report said.
Spot-based ETFs are widely expected to unlock floodgates for mainstream money. Flows, however, are likely to materialise overtime, according to Coinbase.
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.