Coinbase Will Be ‘Meaningful’ Beneficiary of Ethereum Merge, JPMorgan Says

JPMorgan estimates that Coinbase has a 15% market share in ETH assets, which trumps its 7% share of the overall crypto ecosystem. Worthington says Coinbase’s market share is probably tilted toward institutions, which are more likely to own ETH and bitcoin (BTC), whereas retail customers may “traffic more in the more speculative tokens.”