The cryptocurrency trading platform Coinbase recently announced that it has received approval from the U.S. Securities and Exchange Commission (SEC) to provide custody services for eight spot Ethereum exchange-traded funds (ETFs) listed on the American market. This is a significant milestone following the SEC’s approval of the first spot Bitcoin ETFs in January, indicating ongoing innovation within the crypto assets sector and the maturing regulatory environment. As one of the industry-leading cryptocurrency trading platforms, Coinbase has solidified its position in the crypto market by taking on the role of providing custody services for eight new spot Ethereum ETFs, alongside being a partner for the first spot Bitcoin ETFs.