Coinbase Invests $$ 500 Million In Cryptocurrencies

Coinbase plans to add half a billion dollars in cryptocurrencies to its balance sheet and invest in the future10% of profits are digital assets.

Coinbase CEO Brian Armstrong said the corporation hopes to increase the share of the profits it will spend on cryptocurrency purchases over time.

According to the US Treasury, Coinbase is currently the eighth largest publicly traded crypto company and America's largest crypto broker. 

According to the financial report, as of June 30, the exchange had $222.7 million in various crypto assets and $145 million in USDC on its balance sheet. 

Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies