How Coinbase could become more than a crypto exchange

#coinbase #bitcoin #crypto #yahoofinance #france #europe

Coinbase (COIN) received a virtual asset service provide license in France, meaning it can operate crypto services in the country. Needham and Company Senior Analyst John Todaro joined Yahoo Finance to discuss Coinbase’s overseas growth strategy and continued hopes for a Bitcoin ETF (BTC-USD) stateside. In Todaro’s view, the “lack of regulatory clarity in the US” has pushed Coinbase to target international opportunities. However, he attributes the rise in Coinbase’s stock to how well crypto has performed the last several weeks and the expectation that a spot bitcoin ETF will be approved. For more transformational growth, Todaro believes Coinbase needs to move beyond “just trading” to provide more crypto use cases, such as developing blockchain tools that can broaden Coinbase’s central role in the crypto economy beyond exchange services. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

– Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance