COINBASE EXPANDS EXCHANGE-AS-A-SERVICE AMID COMPETITIVE PRESSURE

Summary from the TLDR Crypto newsletter

Coinbase is doubling down on its Exchange-as-a-Service model, offering custody, trading, staking, lending, and stablecoin infrastructure as a turnkey package for banks and brokerages. The pitch is to skip years of internal buildout and integrate a trusted, crash-tested crypto stack in weeks. While rivals like Kraken also play in this space, Coinbase is shifting its focus from fighting for retail share to powering the backend of the broader financial ecosystem.