A senior Coinbase executive stated that the company welcomes competition from traditional financial institutions in the crypto space. She emphasized the unique strength of the industry's grassroots community during global advocacy events.
Katie Harries, Coinbase's head of Policy for Europe, told CoinDesk that the exchange is unconcerned by growing involvement from Wall Street firms. “We have always said that a rising tide lifts all ships,” she said, adding that Coinbase is “not at all” worried about the trend.