Coinbase Now Support Bitcoin ETF Trading - Exclusive.

Coinbase Now Support Bitcoin ETF Trading - Exclusive.

2021-11-11 | Eddy Morgan

Coinbase Now Support Bitcoin ETF Trading - Exclusive.

Following a recent upgrade to the Bitcoin ETF market, there has been much discussion about Coinbase's next move to support Bitcoin ETF trading in its territory. According to Eric Balchunas' tweet, Coinbase is planning to offer $ BITO trading; however, given the platform's peak trading volume of 1.49 percent, this could be a significant error. When Coinbase began trading with $ BITO, an ETF expert cautioned him of the potential ramifications. Future Bitcoin ETFs have grabbed control of the US crypto market, introducing the fast-paced OG crypto and further speculation of the Spot BTC ETF in the process of directly tracking the asset class, from institutional players and politicians. Michael Saylor, the last Bitcoin campaigner and CEO of MicroStrategy, recently commented on the BTC ETF, claiming that it would totally take over the economy in three years. Furthermore, Saylor believes that Bitcoin ETFs will eventually be a key source of Gold ETFs. According to CoinGape's special introduction, Saylor is opposed to Bitcoin being a big asset in Western countries, replacing the $ 425 billion SPDR S&P 500 ETF Trust, SPY tick - monitoring the equities index. You'll need an ETF location to do so. "And when these ETFs begin to emerge, I believe you will see billions, then tens of billions, then hundreds of billions, and ultimately billions of dollars flow," Saylor stated last Thursday at the Bloomberg Financial Innovation Summit. Coinbase dips its toes into the enticing waters of the top Bitcoin ETFs. However, this is not the first time Coinbase has used bitcoins to advance in a divided role. Last month, Coinbase ranked first in the Apple App Store, thanks to its astute inclusion of the Shiba Inu (SHIB) token on behalf of its organization, which is compatible with OG Bitcoin (BTC), and so on - Ethereum adaptable (ETH). The cryptocurrency community on Twitter theorized about this as yet another 'growth trick' in trading, in which the forum momentarily displayed the popular online crypto to exploit the trending trend token in advertising its application.

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