Coinbase Defended by Base Creator Against Criticism Over Ethereum Holdings

Criticism of Coinbase's Ethereum holdings has been met with a strong defense from Base creator Jesse Pollak, who says the company is more than just a holder of ETH.

Pollak emphasized that Coinbase is the largest non-DAT ETH holder by an order of magnitude, and pointed to the company's extensive involvement in the Ethereum ecosystem beyond its digital asset holdings.

Coinbase has a direct connection to Ethereum through its Base blockchain network, which provides infrastructure for decentralized applications and transactions. The company also contributes significantly to EVM and Ethereum development, further solidifying its position within the network.