$Coinbase Global, Inc.(COIN)$ My understanding is: the fees from functioning as custodian will be a drop in the bucket in terms of the overall revenue for coinbase; in the future the ETFs will diversify their custodians for safety; the ETFs draw trading from coinbase; the legal battle with the SEC threatens a third of the coinbase revenue. I also want to add, the current price of COIN is exceedingly high with regard to its growth potential

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