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Coinbase Is Dominating a Key Bitcoin ETF Service. Can Anyone Else Join the Race?

From coindesk.com

The race to provide a key bit of infrastructure for bitcoin (BTC) ETFs – custody services – hasn't actually been much of a race so far. Crypto exchange Coinbase (COIN) has dominated so far, winning the job from nearly every firm that wants to list an ETF, including BlackRock, Franklin Templeton and WisdomTree. That's left a giant player in the space, BitGo, on the sidelines – an eye-catching omission. Only one company that wants to create a bitoin ETF in the U.S., Hashdex, has yet to pick a custody partner. BitGo CEO Mike Belshe confirmed in an interview with CoinDesk that his company is working with "many" of the ... (full story)

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  • Category: Crypto Industry News