On one hand this is great for cryptocurrency to have someone of Coinbase' stature fighting for cryptocurrency (given they have a vested interest) but I am concerned that Coinbase is the corporate big bank figure that cryptocurrency does not need.
I want to see adoption grow, I want to see it easier for people to invest and buy cryptocurrencies, but their high fees and increasingly corporate attitude concerns me that they'll use their power and influence to prevent competitors from coming to their level.