Blockware Solutions chief analyst: Coinbase stock may become TradFi’s “crypto index”

Mitchell Askew, chief analyst at Bitcoin miner Blockware Solutions, said Coinbase’s stock COIN could become an “index play” for traditional financial (TradFi) companies seeking to gain broad exposure to the cryptocurrency space. Mitchell Askew said yesterday when participating in X Space: "I think TradFi may view COIN as an index play for cryptocurrencies because they now have many different types of vertical markets." He added: “One might say, I bought some Bitcoin, I don’t really know what other assets to pick, and Coinbase feels like a pretty safe index investment.” (Cointelegraph)