Coinbase, the largest US cryptocurrency exchange, called the spot Bitcoin ETF approval a “milestone”.
Coinbase, which is on file as the custodian of eight spot Bitcoin ETFs, stated in an article published on January 10 that the approval from the US Securities and Exchange Commission (SEC) It is a turning point for the cryptocurrency market told.
Coinbase, which is still in a legal fight with the SEC, expressed that it was satisfied with the decision:
Introduced by the world’s largest asset managers, spot Bitcoin ETFs will spur long-term growth and product innovation. It will also expand ways to reach new investors.
Coinbase Chief Legal Officer Paul Grewal shared a post on Twitter following the SEC decision. Grewal criticized the SEC’s arbitrary and capricious behavior. that he stood up against and got the spot Bitcoin ETF accepted. He said he was grateful to Grayscale for this.
Grewal also noted that people are now subject to stricter control. have access to cryptocurrencies told.