JP Morgan analyst Kenneth Worthington said that Ethereum Merge, scheduled for September 15, will be beneficial for Coinbase.
JP Morgan Analyst Evaluates Merge for Coinbase
JP Morgan analyst Kenneth Worthington said that the US-based cryptocurrency exchange Coinbase has recently made real attempts “with the aim of maximizing the rewards for staking Ethereum for its users.”
In addition, Worthington also stated in a statement:
I expect Merge to contribute meaningfully to ETH staking revenue for institutional clients. However, I foresee that the advantages for Corporate customers will be better than the income opportunities that are given much less than other users.
The Ethereum Merge, which the crypto community is eagerly waiting for, is the first step of the transition from the Proof of Work consensus to the Proof of Stake after the increasing energy costs in Ethereum. The preliminary tests for Merge, which is the first step of the transition that will consist of 5 steps in total, have been completed and the positive results of these stages are also reflected in the Ethereum price. In addition, we need to point out that although the Ethereum price has decreased by 43 percent compared to this period last year, the number of ETH staked has doubled over the past year as Merge approaches.
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