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.
You are thinking not wrong. But it's also good for the whole market. Mostly when we can see like this top-rated exchange news. I know everyone has own opinion, so all will not be positive or negative. There will be both.