The coin base share rose by 60 %in two weeks, ARK Invest breaks through the buying mood
The coin base share rose by 60 %in two weeks, ARK Invest breaks through the buying mood
Riding on the wave of a wider market rally, the Coinbase share (Coin) has recorded a rally of almost 60 % in the past two weeks and exceeded more than $ 84 per share.
The resurrection of the stocks of the stock exchange takes place against the background of a severe banking crisis in the United States and the subsequent rush of investors to Bitcoin and other cryptocurrencies.
Ark breaks off when buying steaks
But the bull from Coinbase - Cathie Woods Ark Invest - broke his mood. The well-known growth investor sold 160,887 coin shares worth more than $ 13 million on March 22. ARK Invest began to include Coinbase in his innovation fund in October 2021, months after the IPO (IPO).
Last year, the company bought a total of 24 times shares in San Francisco-based crypto exchange and brought around 2.7 million shares on the stock exchange, although it had sold over a million in July. The buying frenzy continued this year, most recently in March, when over 350,000 shares in the largest US crypto exchange were acquiredWhile the share has been on an upward trend since March 10, another thrust that inspired the course was the Brazilian expansion development.
Coinbase strengthens its position in Brazil
In the latest blog post, Coinbase revealed the integration with the PIX payment platform led by the Central Bank of Brazil to "localize" their app so that customers in the state of crypto can buy and sell with Brazilian reais. The American stock exchange for digital assets said that it would also offer customers an app and 24/7 chat support in Brazilian Portuguese.
"We have also adapted our app so that it is completely localized in Brazilian Portuguese with a 24/7 chat support that is always at your side. Finally, we have optimized our onboarding process, which makes it easier to get started in Coinbase."
Coinbases Startdichin with Brazil goes back to 2021 when a technology center built in the country. His investment arm - Coinbase Ventures - is now active throughout Latin America. This includes investments in Hashdex, a Brazilian crypto-asset management company, as well as LEDN, a crypto-based financial services platform.
This was significantly increasing by 12 % this day alone. Coinbase has accelerated the work on his "Go Broad, Go Deep", which includes an expansion of its presence to all continents with the exception of Antarctic
.
Kommentare (0)