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HomeNewsCoinbase's Role in Bitcoin ETFs; InQubeta Targets to Eclipse Chainlink by Next...

Coinbase’s Role in Bitcoin ETFs; InQubeta Targets to Eclipse Chainlink by Next Year

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The second-largest cryptocurrency exchange in the world, Coinbase (COIN), has become one of the most attractive stocks around thanks to the US Securities and Exchange Commission (SEC) approving several spot Bitcoin (BTC) exchange-traded funds (ETFs).

The platform is poised to serve as an issuer or custodian for the approved ETFs, which should significantly increase the trading volume on its exchange. Bitcoin ETFs being approved now is expected to lead to exponential price growth. Some cryptocurrency analysts have prices going as high as $160,000. 

Meanwhile, InQubeta (QUBE) remains one of the most popular NFT projects around as it aims to make artificial intelligence (AI) investments more accessible. Its early investors have earned 220% returns on their investments and considerably more growth is expected once tokens are available on exchanges. It outperformed other AI-focused cryptos like Chainlink (LINK), which only brought its investors 127% returns in the last 12 months. 

Chainlink provides an ecosystem that allows smart contracts to communicate with external data feeds. Like InQubeta, it helps to push the advancement of artificial intelligence. 

InQubeta (QUBE) emerges as the best new crypto to buy now

The InQubeta presale has been a monumental success so far as it generates over $8.3 million in token sales. Its ecosystem is built on the Ethereum (ETH) network, so it gets to enjoy its functionality. The new DeFi project intends to make AI investments more accessible than they currently are by providing an alternative that doesn’t come with the stringent requirements many mainstream avenues have. 

InQubeta focuses on creating a decentralized investment space for AI startups, increasing the flow of capital into the fastest-growing industry around. The ineffectiveness of traditional investing firms hasn’t been enough to stop the flow of funds into the AI industry from going from $12 billion to $120 billion in the past seven years. The AI party is just starting as over $1.5 trillion is projected to enter the space by 2030.

This leaves InQubeta perfectly positioned to help direct some of these funds to startups by providing easy-to-access investment opportunities. 

Here’s how InQubeta’s unique investment ecosystem works: 

  • AI startups are evaluated by the operations team to determine if they’re eligible to fundraise on the ecosystem
  • Startups that are cleared to use the NFT marketplace make non-fungible tokens (NFTs) that serve as digital representations of investment opportunities. They play a similar role as stocks on the network
  • Fractionalization is used to divide NFTs into smaller pieces and tokens are added to the ERC 20 token list
  • Investors buy QUBE and use it to invest in AI startups by buying NFTs on the marketplace. The values of these tokens will rise as their makers increase their market capitalization
  • NFTs, or ERC20 coins, acquired on the marketplace can be resold at any time

Concerns raised over Coinbase’s dominance over Bitcoin ETFs

Coinbase is currently the custodian of eight of the eleven ETFs recently approved by the SEC. For players like BlackRock, Coinbase will serve as more than just a custodian. It will also handle various services including lending and trading functions.

Not everyone in the cryptocurrency space is happy with this development and even the SEC has expressed concerns about the risk concentration created by Coinbase controlling the vast majority of ETFs. Coinbase also has ongoing issues with the SEC after charges were filed against the exchange last year. 

Coinbase’s ETF dominance will lead to revenue generation mostly from custodian fees and ancillary services. The exchange will also get the opportunity to bring in institutional investors who control trillions of dollars. 

Summary

QUBE, BTC, and LINK are top crypto coins to buy right now. BTC’s prices are expected to grow as much as 4x, while QUBE prices could be over a dollar by the end of the year. 

Visit InQubeta Presale 

Join The InQubeta Communities

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John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@ethnews.com Phone: +49 160 92211628
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