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Thursday

13 May 2021

Intercontinental Exchange sells Coinbase stake for $1.2B

Intercontinental Exchange sells Coinbase stake for $1.2B


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Intercontinental Exchange, the operator of the New York Stock Exchange and the owner of Bakkt digital asset platform, has sold its 1.4% stake in the newly Nasdaq-listed cryptocurrency firm Coinbase.

Announcing the news Thursday on a financial results call for the first quarter of 2021, ICE chief financial officer Scott Hill said that the company sold its Coinbase stake for $1.2 billion.

I mean I would say we were doing that, though, before the Coinbase sale,” ICE’s incoming CFO Warren Gardiner added.

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cointelegraph.com
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