Coinbase can no longer be strictly called a crypto firm, says Bitwise CIO

Bitwise Chief Investment Officer (CIO) Matt Hougan has stated that the lines between traditional finance (TradFi) and cryptocurrency are starting to blur, U.Today reported. He pointed to Coinbase's recent announcement of its plan to transform into a comprehensive infrastructure provider by offering a product suite that includes stocks, derivatives, AI, and consumer finance. Hougan explained that with these changes, Coinbase could no longer be strictly considered a cryptocurrency company.