Coinbase Business Chief: Big Banks Increasing BTC Exposure | Shan Aggarwal
By Patrick Green
AI summary of the source article
Shan Aggarwal, the first-ever Chief Business Officer at Coinbase, outlined how new SEC rules could enable financial advisors to hold Bitcoin directly on behalf of their clients. Aggarwal explained that Coinbase already serves as the custodian for most Bitcoin ETFs and is actively positioning its infrastructure to support the broader wealth management community. In addition to expanding Bitcoin access for advisors, the discussion addressed infrastructure demands from major institutions like BlackRock and JPMorgan, merchant stablecoin payment initiatives with Citi, and the integration of Bitcoin Lightning and card products.
Why it matters
New SEC regulations could significantly widen institutional and retail access to Bitcoin through registered financial advisors, reinforcing Coinbase's position as a dominant digital asset custodian.
Key facts
- Coinbase custodies the majority of existing Bitcoin ETFs.
- New SEC rules may allow financial advisors to hold Bitcoin directly for their clients.
- Shan Aggarwal serves as the first-ever Chief Business Officer at Coinbase.