By The Daily Hodl - 2 makore apfuura - Nguva yekuverenga: 2 maminetsi
Coinbase Investing $500,000,000 in ‘Diverse Portfolio’ of Bitcoin and Crypto Assets
Coinbase CEO Brian Armstrong says that the cryptocurrency exchange will purchase digital assets worth more than half a billion dollars to add to its existing holdings.
Armstrong anoti that Coinbase will be allocating 10% of its quarterly profits toward the purchase of crypto assets in the future.
“We recently received board approval to purchase over $500 [million] of crypto on our balance sheet to add to our existing holdings. And we’ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.”
In a new blog post, Coinbase says that the list of cryptocurrencies it will wedzera to its balance sheet includes Bitcoin and Ethereum along with other digital assets that are supported by the exchange.
“This means we will become the first publicly-traded company to hold Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto assets supported for trading on our platform, in addition to Bitcoin, on our balance sheet.”
The popular crypto exchange also says it will be a long-term holder and will only sell its crypto assets under special circumstances.
“We are long-term investors and will only divest under select circumstances, such as an asset delisting from our platform.”
Coinbase says it will purchase the crypto assets away from the exchange to prevent conflict-of-interest issues with users.
“All trades will be executed via our over the counter desk or away from our exchange to avoid any conflict of interest with our customers.”
Usapotsa Kurohwa - Subscribe kuti uwane macrypto email macryt akaunzwa akananga kuinbox yako
Follow tiri Twitter, Facebook uye teregiramu
Surf Iyo Yemazuva Hodl Sanganisa
Tarisa Dzidziso Dzepamhepo Misoro
Disiki: Pfungwa dzakaburitswa kuThe Daily Hodl haazi mazano ekudyara. Vashandi vanofanira kuita kushingaira kwavo vasati vaita mari yakawanda-ine ngozi Bitcoin, cryptocurrency kana zvinhu zvemadhijitari. Ndokumbirawo kuti muzive kuti kuwedzeredza uye kutengeserana kuri panjodzi yako wega, uye chero kurasikirwa kwaungawana ibasa rako. Iyo Daily Hodl haikurudzire kutenga kana kutengeswa kwechero mari yemadhora kana zvinhu zvemadhijitari, uye iyo The Daily Hodl chipangamazano wezvekudyara. Ndokumbira utarise kuti The Daily Hodl inotora chikamu mukubatana kwekushambadzira.
Inoratidzwa Mufananidzo: Shutterstock / Blue Planet Studio
The post Coinbase Investing $500,000,000 in ‘Diverse Portfolio’ of Bitcoin and Crypto Assets yakatanga kutanga Zuva Nezuva.
Original source: Zuva Nezuva