As spot Bitcoin exchange-traded fund (ETF) fever heats up, eyes are turning to the major players and they’re not all big asset managers such as BlackRock and Fidelity.
Coinbase is positioned to play a major role as a middleman between the crypto market and traditional stock exchanges if the SEC approves spot Bitcoin ETFs.
Exchange’s Role Under Spotlight
According to a Jan. 4 Bloomberg report, Coinbase is the “gorilla in the room that few seem to be acknowledging.”
Coinbase is the only crypto exchange in the United States that is also a publicly listed company.
Moreover, the firm will be a central component of how these spot-Bitcoin ETF securities operate. It will provide several key roles including custody, trading execution, market surveillance, and even lending.
However, the dark cloud looming over these potential partnerships is the Securities and Exchange Commission.
The federal finance regulator sued Coinbase…
