Home Business Intercontinental Trade sells Coinbase stake for $1.2 billion By Cointelegraph

Intercontinental Trade sells Coinbase stake for $1.2 billion By Cointelegraph

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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.

COIN share all-time worth chart. Supply: TradingView