JPMorgan Sees Ethereum Merge Spelling $650M Revenue Opportunity For This Crypto Exchange

Research from JPMorgan Chase & Co. (NYSE: JPM) finds that crypto exchange Coinbase Global Inc (NASDAQ: COIN) stands to gain significantly from the upcoming Ethereum (CRYPTO: ETH) Merge. What Happened: An increase in staking revenue after the Merge will have a positive impact on Coinbase, explained JPMorgan analyst Kenneth Worthington in a note seen by CoinDesk.