JPMorgan analysts: Ethereum Shanghai upgrade may lead to a surge in Coinbase staking revenue

ChainCatcher news, according to Decrypt, JPMorgan analysts stated that "the Ethereum Shanghai upgrade could lead to a surge in staking revenue for Coinbase, ushering in a new era of staking for Coinbase." The investment bank estimates that after the Shanghai upgrade, 95% of retail investors on Coinbase will be able to participate in Ethereum staking, which will generate between $225 million and $545 million in annual revenue for the exchange. (source link)