Foreign media said, “Cryptocurrency industry does not interpret Binance news as bad news.”
The industry’s response to the U.S. authorities’ Binance agreement and the disposal of Binance CEO Zhao Changfeng is mixed, and many do not accept it as a negative factor.
“Cryptocurrency is not going anywhere,” said Paul Grewal, chief legal officer at Coinbase. Clear and reasonable regulations are needed to create a growing market,” he said,
Coinbase CEO Brian Armstrong also said, “Today’s issue shows that making such a difficult choice was the right approach in the end.”
In addition, cryptocurrency data analysis company CEO Ryan Selkis and Galaxy Digital founder Mike Novogratz also interpreted Binance’s agreement and Zhao Changfeng’s resignation as positive.
“It is currently unclear what regulatory measures the U.S. authorities will take on other exchanges such as Kraken,” Decrypt said.Coinbase Bitcoin Holding reversed Binance.
In the near future, Bitcoin and Ethereum ETFs will be approved by BlackRock, Fidelity and Ark Investments.
I’m analyzing that more Bitcoin and Ethereum will flow into Coinbase in the future.$COIN Coinbase is so powerful
The National Pension Service also bought 282,673 shares of Coinbase at a flat price of $70.5 in the third quarter.
The profit will be almost 100%.
I think I caught the low point like a ghost.National Pension Service, which distanced virtual assets, made its first investment in Coinbase
For the first time in the National Pension Service’s U.S. investment portfolio, it bought a large stake in Coinbase, the largest virtual asset exchange in the U.S. The National Pension Service reportedly included additional big tech stocks such as Apple and sold all of its shares in metaverse-related stocks.Title: Coinbase CEO “Virtual Currency Market Opens New Chapter With Binance Judgment” *Union Info
Brian Armstrong, CEO of Coinbase Global (COIN), noted, “The virtual currency market has opened a new chapter with the Binance ruling.” “There are many cryptocurrency companies around the world that help build a virtual currency economy and change the financial system,” he said. However, he said, “Many of them are still small startups.” It also stressed that “regulatory clarity will help inspire more investment, especially from institutions.” The media then said, “Binance paid a settlement of $4 billion to the U.S. Department of Justice last week. Changfeng Zhao, founder and CEO, has resigned and pleaded guilty to money laundering violations. Meanwhile, on the 27th (Monday), the company’s stock price rose 3.66% from the previous trading day to $119.77.