Most of the people would be excited by such a news but I'm not. I'm actually against everything that Coinbase does, they might be facilitating access to crypto and trading but from the way I see it, it seems like they are turning into a bank and that's something that shouldn't be found in the bitcoin scene.
Well, every centralized exchange to me as far as I am concerned is like a bank because it is always going to be regulated and coinbase is not an exception right from the start. It is not a bad thing that they are opening department in NY or adding some coins and tokens, as they are pretty much just trying to widen their horizon just like any other business will want to expand, so there is really no need hating them for that. nonetheless, as long as you are on an exchange and you do not have full control of your private key, then you have involved a third party, so in a way, that is always a choice for everyone to make.