Flexible wealth? Coinbase now allows appropriators to share their crypto allocations

All of United States-based crypto exchange Coinbase’s approximately 68 million verified clients can now more effectively disclose information on their portfolio. In a Coinbase (NASDAQ:COIN) blog post on Friday, senior product manager Rishav Mukherji said the crypto exchange’s application presently includes an feature that shares a client’s allocation rate — not balances — to their network of companions. He said this would simply be the main move before very long for clients to start sharing extra details on trades conducted on Coinbase.

With 8.8 million monthly active users in the second quarter of 2021, Coinbase is the largest crypto exchange in the United States, with revenue of over $ 1.2 billion in the third quarter. Company profits totaled $ 406 million in the same quarter, down 74.7% from the second quarter.

“We want to enable the crypto-economy to share knowledge and information and learn from each other,” Mukherji said.

The integration of social media is largely a new step for Coinbase, although some may consider important figures to even publicly disclose their funds’ allocation percentage as a market indicator. This week, Apple CEO and billionaire Tim Cook revealed for the first time that he has crypto in his wallet, but he did not specify what type and how much. Others including Shark aquarium star Kevin O’Leary and Crazy money host Jim Cramer, have been more open about sharing the crypto percentages of their wallets.

News Summary:

• Flexible wealth? Coinbase now allows appropriators to share their crypto allocations
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