</span>for $1.2 billion” src=”/wp-content/uploads/2021/04/bb04b0c8709506775847c7b19ab92b17.jpg” alt=”Intercontinental Exchange sold its stake in Coinbase for $1.2 billion” /></p>
Intercontinental Exchange, owner of the New York Stock Exchange (NYSE) and cryptocurrency marketplace Bakkt, sold its 1.4% stake in Coinbase for $ 1.2 billion.
As a result of the transaction, the exchange received a net profit of $ 900 million. The company sold its stake almost immediately after Coinbase went public.
Coinbase shares listed on the Nasdaq are trading 22% less than their original price. At the time of writing, one share is selling for $ 298.
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Based on materialswww.theblockcrypto.com
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