According to analysts at JP Morgan, Coinbase — the crypto exchange — will be looking forward to a favorable future post the newest update. Ethereum’s network is all set to deploy its latest update, the Shanghai Fork, in March.
In a recent Tweet, an online media quotes JP Morgan: “Shanghai Update Could Brighten Outlook for Coinbase.” After Ethereum’s Beacon Chain, the latest update from Ethereum Network is called the Shanghai Fork, which is said to release in March. Shanghai Fork will let people access funds (earlier set aside for Ethereum’s Beacon Chain) to allow depositors to participate in validating transactions and earn newly-created Ethereum as rewards.
As per reports, the analysts had written that staking in Ethereum forced holders to lock up their Ether indefinitely, which was viewed as a big disincentive to stake ETH historically. Analysts at JP Morgan applauded the upcoming Ethereum update stating:
Source: Cryptocurrency - investing.com
