Coinbase is a crypto exchange platform based in California and has big plans for the future. The company has recently announced a new policy for investing in crypto assets as a way of diversifying its investment portfolio. The company representative claimed recently that since Coinbase is in the business of trading in cryptocurrencies, it wants to expand its horizon by investing in the digital assets itself.
The company plans to set aside 10% of its quarterly income for investment in a variety of cryptocurrencies. The investment policy estimates that at least $500 million cash can be set aside for the acquisition of viable asset classes that are picked by the investment strategist. Coinbase wishes to lead by example and make cryptocurrency more common investment option for institutional investors.
Coinbase has decided to invest a sizeable portion of its profit into cryptocurrencies. The exchange enterprise wishes to hold selected altcoins and tokens as a way to expand its investment portfolio. During its recent press briefing, the company management pointed out the potential candidates that are going to become part of the investment options at Coinbase.
As per the briefing, Coinbase is going to become the first publically traded enterprise in the United States to hold tokens like Ethereum. There are also several other PoS altcoins and DeFi tokens that are going to become part of the crypto investment pool for Coinbase. Bitcoin is also going to be a major part of the holding. Coinbase plans to deploy the virtual assets through the dollar and cost averaging method over many years.
Coinbase has Started Various Ventures to Become the World’s Leading Platform
Coinbase has been making an effort to push forward and become the global leading name in the crypto exchange industry. Pursuing the same efforts, Coinbase has opened up a branch office in Japan. It is worth noting that Japan is a highly potent market for cryptocurrencies. On the other hand, Coinbase is also trying to establish a good understanding with the regulators in the USA. Recently, the company has decided to sell forensic research software to the Customs and Immigration office of the USA. Coinbase has also found common grounds with US Secret Service by signing up for a confidential corporation deal with the department. Enterprises like Kraken crypto exchange and Circle USDC coin developers are also planning to go public following the example of Coinbase.
