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Coinbase shares are up 18% and its billionaire CEO Brian Armstrong is more than $1 billion richer since the U.S. docked rival Binance with a $4 billion fine for violating federal money laundering laws.
Coinbase, the largest cryptocurrency exchange in the US, has recently obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator. This licence will allow Coinbase to offer regulated digital payment token (DPT) products and services in Singapore, such as buying and selling cryptocurrencies, stor
ARK increased its holdings in Coinbase, betting it survives an SEC lawsuit that ultimately provides regulatory clarity for the crypto sector.