Coinbase Warns of Crypto Treasury Consolidation

Coinbase has issued a warning about impending consolidation within the crypto treasury sector, anticipating that market pressures could lead to mergers and create a dominant few players in this space. David Duong, Head of Investment Research at Coinbase, highlights the potential emergence of these giants as smaller firms merge or get acquired. This trend suggests increased market concentration, potentially impacting investment strategies across digital asset treasuries.