First Coinbase Index Fund, then Coinbase Ventures for VC investments, now this. Can you say monopoly?
Just because a company deals in decentralized technology, doesn't mean it can't play its own part in centralization, especially when it gains from cornering a market that it largely already dominates.
Coinbase needs more competitors, especially in the US.
https://www.wsj.com/articles/cryptocurrency-firm-coinbase-in-talks-to-become-sec-regulated-brokerage-1523043315?tesla=y