New York Stock Exchange operator sells $ 1.23 billion worth of Coinbase shares

Intercontinental Exchange got rid of its stake in the first public crypto exchange.

Operator of the New Yorkstock exchange and platform Bakkt, companyIntercontinental Exchange, sold $ 1.23 billion worth of Coinbase shares. ICE announced in its financial statements for the first quarter of 2021 that it completely got rid of its stake in the American trading platform. The proceeds will go to profit for the second quarter of this year.

Coinbase is among the 100 Most Influentialcompanies of the world according to Time magazine. He categorized the crypto exchange as a Giant, which also houses corporations such as Facebook, Alibaba, Google, Walmart, and Amazon.

Coinbase Stock Trades Launched On NASDAQ 14April. At its peak, the securities were quoted at $ 429.5 at a reference price of $ 250. After the placement, the company's valuation exceeded $ 100 billion. As of April 30, the pre-market value of the security is $ 299.

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