Coinbase Deal Shows Google Is Committed to Crypto – How Much Depends on Whom You Ask

“This partnership has touched on several Coinbase businesses including Exchange, Commerce, Cloud Nodes, and Prime,” wrote Oppenheimer analyst Owen Lau on Oct. 11. “On the Exchange side, Coinbase acts more like a consumer of Google Cloud technology, but on Commerce, Cloud Nodes and Prime, Coinbase acts more like a technology provider to Google’s customers.”