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Learning & News => News related to Crypto => Topic started by: newshunter on May 02, 2021, 01:00:51 AM

Title: Intercontinental Exchange sells Coinbase stake for $1.2 billion
Post by: newshunter on May 02, 2021, 01:00:51 AM

Intercontinental Exchange sells Coinbase stake for $1.2 billion

Intercontinental Exchange has sold its 1.4% stake in Coinbase to reduce the company’s debt.

Source: Intercontinental Exchange sells Coinbase stake for $1.2 billion (https://cointelegraph.com/news/intercontinental-exchange-sells-coinbase-stake-for-1-2b)

Would appreciate your opinion about this

Title: Re: Intercontinental Exchange sells Coinbase stake for $1.2 billion
Post by: TomPluz on May 02, 2021, 04:31:50 AM

So they are converting their COIN stash to real money to pay off some debts and make the company more solid and roaring into the future. This is a good thing with an institution that knows what and when to do things. They know that after the listing the value of the stocks can go high, so they waited for the right time to let go.