JPM Securities emphasized that flows are most likely to increase significantly as ETF approval marks the start of a longer process of capital allocation.
Coinbase is a digital currency exchange and wallet service.
Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currency. It allows its users to create their own bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. In addition, it provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet.
Coinbase was launched in 2012 with a mission to create an open financial system for the world. It is operated from San Francisco, California. The company raised over $100M in funding from world’s leading investors including DFJ Growth, Andreessen Horowitz, Union Square Ventures, Ribbit Capital and NYSE.
JPM Securities emphasized that flows are most likely to increase significantly as ETF approval marks the start of a longer process of capital allocation.
The highly anticipated Dencun upgrade has dramatically reduced Ethereum’s Layer-Two (L2) transaction fees, thus enabling mass adoption of Web3 platforms.
In contrast to Coinbase’s expansionary endeavors, Cathie Wood’s Ark Invest has been engaging in a selling spree, offloading another $27 million worth of COIN shares.