Coinbase Buys $500 Million Worth of Cryptocurrency

Reading Time: 2 minutes Coinbase has committed to buying $500 million worth of cryptocurrencies The exchange will continue to invest over time Brian Armstrong stated that he wants to increase crypto acceptance Coinbase has added $500 million worth of cryptocurrency to its balance sheet, becoming the first publicly traded company to hold a variety of crypto assets. The exchange revealed the news in the early hours of this morning, stating in a blog post that it wanted to “lead by example” and broaden cryptocurrency acceptance on a global level. Coinbase will also allocate 10% of its quarterly net income into “a diverse portfolio of
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