Bitcoin
Bitcoin (BTC)
$67,250.00 0.78479
Bitcoin price
Ethereum
Ethereum (ETH)
$3,521.71 0.36722
Ethereum price
BNB
BNB (BNB)
$594.43 0.10551
BNB price
Solana
Solana (SOL)
$173.75 2.92575
Solana price
XRP
XRP (XRP)
$0.5976620 4.63222
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.98658
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.38924
Pepe price
Bonk
Bonk (BONK)
$0.0000308 -1.4337
Bonk price
Bitcoin
Bitcoin (BTC)
$67,250.00 0.78479
Bitcoin price
Ethereum
Ethereum (ETH)
$3,521.71 0.36722
Ethereum price
BNB
BNB (BNB)
$594.43 0.10551
BNB price
Solana
Solana (SOL)
$173.75 2.92575
Solana price
XRP
XRP (XRP)
$0.5976620 4.63222
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.98658
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.38924
Pepe price
Bonk
Bonk (BONK)
$0.0000308 -1.4337
Bonk price
Bitcoin
Bitcoin (BTC)
$67,250.00 0.78479
Bitcoin price
Ethereum
Ethereum (ETH)
$3,521.71 0.36722
Ethereum price
BNB
BNB (BNB)
$594.43 0.10551
BNB price
Solana
Solana (SOL)
$173.75 2.92575
Solana price
XRP
XRP (XRP)
$0.5976620 4.63222
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.98658
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.38924
Pepe price
Bonk
Bonk (BONK)
$0.0000308 -1.4337
Bonk price
Bitcoin
Bitcoin (BTC)
$67,250.00 0.78479
Bitcoin price
Ethereum
Ethereum (ETH)
$3,521.71 0.36722
Ethereum price
BNB
BNB (BNB)
$594.43 0.10551
BNB price
Solana
Solana (SOL)
$173.75 2.92575
Solana price
XRP
XRP (XRP)
$0.5976620 4.63222
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.98658
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.38924
Pepe price
Bonk
Bonk (BONK)
$0.0000308 -1.4337
Bonk price

Coinbase appoints new head of custody amid Bitcoin ETF preparations

coinbase-appoints-new-head-of-custody-amid-bitcoin-etf-preparations
Edited by
News
Coinbase appoints new head of custody amid Bitcoin ETF preparations

Coinbase has changed its head of custody, potentially as a strategic decision for handling services related to spot Bitcoin ETFs.

The departure of Aaron Schnarch, the former Chief Executive Officer of Coinbase Custody, marks a pivotal shift in the company’s leadership. Schnarch’s position has been filled by Rick Schonberg, who joined Coinbase in 2021 and brings experience from previous stints at Goldman Sachs, State Street, and Tagomi.

Coinbase’s custody division is recognized as a preferred choice for Bitcoin ETF applicants. This includes major financial players such as BlackRock, Franklin Templeton, and Grayscale Investments. The importance of custody services is heightened in the context of Bitcoin ETFs, where the security and management of tokens are critical for investor confidence and operational efficiency.

This leadership transition comes at a crucial time for the cryptocurrency industry. The race to secure the first U.S. regulatory approval for an ETF investing directly in Bitcoin has intensified. The SEC is expected to rule by Jan. 10 on an application for a spot Bitcoin ETF submitted by ARK Investment Management, headed by Cathie Wood, and 21Shares. The outcome of this decision may set a precedent for similar applications in the pipeline.