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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
Bloomberg analyst James Seyffart stated that more crypto-related IPOs are likely to happen in the next couple of years.
Coinbase believes merging customer funds with the platform's assets could set a dangerous precedent that weakens legal protections for users.
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
