Coinbase: Institutional Investors Increased Allocations During Crypto Winter, Long-Term Price Outlook Positive
A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.” Coinbase’s Institutional Investor Survey The Nasdaq-listed
According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept.
Brian Armstrong. Source: a video screenshot, CNBC / YouTubeCoinbase CEO Brian Armstrong has announced plans to sell 2% of his stake in the cryptocurrency platform over the next year to fund scientific research.Armstrong said on Twitter late Friday that he wants to invest in tech and science in order to solve some of
Coinbase claims it had “no financing exposure” to failed crypto firms Celsius Network, Three Arrows Capital (3AC), or Voyager Digital, hoping to soothe concerns that the exchange might have been at risk of a liquidity crunch. “Many of these firms were overleveraged with short-term liabilities mismatched against longer duration illiquid assets,” the company said
Source: AdobeStocks / sdx15Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Exchanges newsCrypto markets experienced a surge in trading volume during the collapse of TerraUSD (UST), as crypto exchange Binance traded USD 224bn during the week, followed by FTX, OKX,
Coinbase’s much-hyped non-fungible token (NFT) marketplace has finally opened for all, but customers are proving elusive. After announcing the marketplace last year, millions of users signed up for the project, which launched in beta last month. Coinbase NFT has 3,701,544 users signed up on their waitlist.This number will nearly 𝘵𝘳𝘪𝘱𝘭𝘦 the amount of wallets interacting
Publicly listed crypto exchange Coinbase is getting into the Indian crypto market, and it’s ready to make a big splash. It has announced a plan to hire more than 1,000 people this year in the country. The company also wants to host a crypto community event in Bangalore and will be giving grants worth