Coinbase Works With Advisers to Six Global Systemically Important Banks to Expand Bitcoin Exposure

The notable element is not that large banks want bitcoin exposure, but that the counterparty is Coinbase rather than a traditional custodian or prime broker. G-SIB designation matters here: these are the institutions regulators watch most closely, so their engagement signals that bitcoin is being treated as an allocation question rather than a reputational one. The open question is whether this moves from advisory conversations to actual balance-sheet or client-facing products, and whether the designation itself invites more supervisory scrutiny of the arrangement.