I don't know how I feel about this. Is it:
A) Great, because now institutions are using (and paying) the same networks that run decentralized trade?
B) Bad, because by introducing KYC for "DeFi", it's a slippery slope that slowly pushes out actually decentralized trade?
C) Awful, because it's just Coinbase continuing to capture more of the space under presumed (but not real) decentralization?
You can read more about it if you want
https://www.coinbase.com/blog/the-future-of-onchain-Liquidity-is-here-via-coinbase-verified-pools