One of the top crypto exchanges, Coinbase, has proven its stance in the industry, creating a formidable and trustworthy name. An analyst and co-founder of Reflexivity Research, Will Clemente, thinks Coinbase will be a gateway ushering traditional finance (TrdaFi) investors into the broader crypto market.
He says the crypto exchange could operate as an “index play” for TradFi companies seeking more elaborate exposure to the crypto sector.
High Potential Benefits From Coinbase To Traditional Finance Firms
The recent X Space hosted by Bitcoin bull Anthony Pompliano on December 21 had Clemente on the show. He noted how COIN, the Coinbase shares, will benefit TradFi firms.
Clemente stated:
I think TradFi will probably view COIN [Coinbase] as kind of an index play on crypto because they have so many kinds of vertical now.
— Pomp 🌪 (@APompliano) December 21, 2023
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