Coinbase will be the central bank of crypto!
Consider this:
At first glance, the ETFs appeared to be bad news for Coinbase, as it offered investors access to BTC thru their brokers. But 90 percent of the crypto held by the ETFs is held in custody by Coinbase. Coinbase charges a custodial fee for this, the details of which we don't know, but you're talking about tens of millions of dollars.
Hong Kong is set to approve their spot BTC ETF this week, and within a couple years we could see dozens of these ETFs. That doesn't begin to account for ETH and Solana ETFs that might open up. All paying fees to Coinbase for use of their cold wallets.
On top of all this, there are transaction fees that are a percentage of the going rate of these coins.
This is the Bull case, and Coinbase will be the central bank of crypto, something that will not be going away anytime soon.
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