Analyst Rich Repetto points to the exchange's expanding market share in a fast-growing industry.
“Bitcoin alone is already consuming more electricity than the Netherlands,” Panetta said.
Oppenheimer analyst Owen Lau said Coinbase stock is likely to be volatile in the near term, but “earnings upside potential is significant.”
The Swiss bank exploring “several alternatives” for offering crypto, according to people familiar with the plan.
"Reaching $1 billion in only three weeks speaks to the enormous market demand for bitcoin," said Fred Pye, CEO of 3iQ.
The bank will protect itself from the cryptocurrency’s volatility by buying and selling bitcoin futures in block trades.
The bank said before a CBDC can be issued it is necessary to conduct a comprehensive study of the benefits and risks.
The ASX said it is “spending an enormous amount of time” on digital assets.
BaFin said the stock tokens tracking Tesla, Coinbase and MicroStrategy have been identified as “suspicious” and the exchange could be fined up to $6 million.
Goldman Sachs, Banco Santander SA and Societe Generale AG served as joint managers.
The Figment Capital fund will be dedicated to a number of emerging base layers.
The deal is part of Overstock’s plan to exit its blockchain-related investments.
This is the second 3iQ and CoinShares ETF to launch on the TSX this week.
The bank said the motivation for research into CBDCs remains strong as many other central banks around the world are carrying out similar experiments.
The exchange reversed course after the crypto exchange provided a missing LEI code.