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Coinbase Builds $4 Billion Money Pile Neglects Bitcoin

Coinbase has constructed a $4 billion hoard of money in its first months as a public firm, however its bitcoin holdings haven’t elevated. The most important U.S. cryptocurrency trade appears to be primarily profit-driven; it has sought to push meme cash to its customers whereas neglecting the transformative energy Bitcoin can empower them with.

“We need to make sure that we preserve these money reserves in order that we are able to proceed to speculate and proceed to develop our services within the occasion that we go right into a crypto winter,” Coinbase CFO Alesia Haas advised The Wall Road Journal.

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