Grayscale moves away from Coinbase for new ETF product – Is Wall Street building a post-Coinbase custody map?
Grayscale is shifting custody arrangements away from Coinbase for its new ETF product, signaling Wall Street's broader strategy to diversify cryptocurrency infrastructure dependencies. This move reflects institutional investors' preference for multiple custodial options amid regulatory scrutiny. The pivot suggests major finance players are building redundant settlement networks independent of any single exchange, reshaping crypto's institutional backbone and reducing systemic risk concentration in traditional venues.
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