Oddbean new post about login | logout America’s largest bank, JPMorgan (JPM), said the Ethereum network and its token ether (ETH) could be a notable contributor to the wider cryptocurrency ecosystem and a positive driver of Coinbase (COIN) earnings. https://thumbor.forbes.com/thumbor/fit-in/1290x/https://www.forbes.com/advisor/wp-content/uploads/2023/08/image1-7.jpg
JPMorgan's assessment extends to the potential benefits for Coinbase resulting from the Ethereum Merge, with the bank estimating that Coinbase holds a 15% market share in ETH assets, surpassing its 7% share of the overall crypto ecosystem. The bank's analysts anticipate that Coinbase's market share is likely tilted toward institutions, which are more inclined to own ETH and bitcoin (BTC), while retail customers may engage more in speculative tokens. JPMorgan's estimates suggest that Coinbase
