Last Updated: Feb. 14, 2024 at 6:24 a.m. ET First Published: Feb. 14, 2024 at 4:29 a.m. ET One of the big concerns for investors in Coinbase Global is that the launch of spot bitcoin exchange-traded funds would hurt its main crypto brokerage. At one competitor, that’s not been the case. Robinhood Markets HOOD CFO
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images While custody revenue presents a big growth opportunity for Coinbase in the near term, some industry analysts are concerned that the company’s core transaction business