Intercontinental Trade sells Coinbase stake for $1.2 billion
Intercontinental Trade (NYSE:), the operator of the New York Inventory Trade and the proprietor of Bakkt digital asset platform, has bought its 1.4% stake within the newly Nasdaq-listed cryptocurrency agency Coinbase.
Saying the information Thursday on a financial-results name for the primary quarter of 2021, ICE chief monetary officer Scott Hill mentioned that the corporate bought its Coinbase stake for $1.2 billion. The chief famous that the sale generated roughly $900 million internet after taxes.
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