Coinbase Global targets banks amid rising institutional crypto adoption
COIN Coinbase Global Inc
$172.00 -3.61%
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- 1Coinbase Global is expanding its services to banks as institutional cryptocurrency adoption continues to grow.
- 2Coinbase Global announced on October 8 that it will provide Circle's stablecoin (USDC) custody balances through its Coinbase Prime institutional platform.
- 3With COIN shares falling 55% over the past 12 months, the trading price per share of COIN is $175.11.
So what's the key point?
Coinbase Global is expanding its business toward banks as more institutions use cryptocurrency. Although the stock price has fallen 55% over the past year, the company has launched a new service.
Source CryptoProwl · View original ↗
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