Banks feel FOMO as SEC rules keep them out of crypto custody [Fortune]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Fortune
She has an impressive knowledge of Wall Street history and, in particular, of the business of custody—the unflashy but vital task of holding onto customer assets and keeping them safe. Milrod also made clear that State Street , which is the second oldest bank in the U.S., is keen to get into the crypto game. “We're raring to go,” Milrod told me, making a case why her bank—which is the largest custodian in the world—would be the best and safest choice to safeguard the billions of dollars worth of Bitcoin held by big financial players like BlackRock . Unfortunately, when the SEC granted approval to BlackRock and 10 others to launch Bitcoin ETFs in January, State Street was on the outside looking in—instead, it was crypto incumbent Coinbase who got the custody assignment for all but one of the new funds. The reason for State Street sitting out the custody game is—stop me if you've heard this one before—unusual regulatory choices by the SEC. Specifically, the agency has published guid
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COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- COIN's page on the SEC website