Coinbase, FTX, Gemini, and Binance are all likely to benefit from Ethereum's Merge.
Coinbase, FTX, Gemini, and Binance are all likely to benefit from Ethereum’s Merge.
But the Merge, which is scheduled for mid-September, may prove significant for the exchange. Currently, the company holds a 15% market share of Ethereum assets. This is will give Coinbase a competitive advantage in this space, the New York-based investment bank claims. Coinbase’s new institutional-focused staking product, and its CEO, Brian Armstrong, said he expects this will benefit its business model.
“We estimate Coinbase incremental annual staking revenue from the Ethereum merge of $650mn based on $2,000Eth and a 5% Eth yield. We see an incremental annual income of $80-$100mn of staking income.”vouched
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