CoinVoice has learned that Bernstein analysts, led by Gautam Chhugani, believe that as ETH reaches its highest point in years and the altcoin rebound begins, Coinbase will benefit the most. They think that the long-tail effect of tokens supported by Coinbase, the large amount of staked assets, and the revenue on the Base chain can drive a surge in trading volume. In addition, Coinbase holds a reserve of 136,782 ETH, worth approximately $570 million.
Analysts pointed out in a memo to clients on Monday that since the sensational IPO of stablecoin issuer Circle on June 5, ETH has risen 80%. After realizing that most stablecoins are issued on the Ethereum network, investor interest in the Ethereum ecosystem has intensified, and Coinbase will be the biggest beneficiary as it has listed over 250 tokens, and the Base chain long-tail tokens have been integrated into the Coinbase App. [Original link]
