Coinbase's Dominance in Bitcoin ETF Custodianship Raises Concerns

Coinbase's Dominance in Bitcoin ETF Custodianship Raises Concerns



Coinbase, a leading digital asset exchange, plays a central role in the world of Bitcoin ETFs, holding custody for eight out of eleven sanctioned ones. This prominent position in the ETF market is not limited to custodianship; it also extends to a broad range of services including trading and lending, especially highlighted in their collaboration with major industry player BlackRock.



Concerns, however, are surfacing from blockchain experts and ETF consultants regarding Coinbase's extensive responsibilities. This concentration of duties in a single platform is seen as a potential risk, a viewpoint echoed by the SEC. The SEC has raised issues about the risk associated with Coinbase's dominance in ETF custody, and has been involved in legal actions against the company, challenging its operation as an unregistered exchange and


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#BitcoinETF, #Blockchain, #BTC, #Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News

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