Coinbase, a prominent Cryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and... exchange, saw its shares rise by approximately 6% as a result of growing optimism about the approval of a bitcoin spot ETF. This development is considered significant for Coinbase, which has been involved in legal disputes with the U.S. Securities and Exchange Commission (SEC) in Manhattan federal court. Coinbase, as one of the largest cryptocurrency custodians, has been selected by various prospective ETFs, including BlackRock’s proposed Bitcoin ETF, to serve as the custodian for their digital assets. The approval of a Bitcoin spot ETF could positively affect Coinbase’s business.