They sold??!pic.twitter.com/zwJNM2OtLr
ICE reported they sold their entire 1.8% stake in Coinbase for a pre-tax profit of $1.23 billion, to be recognized in Q2 2021:pic.twitter.com/XDkMIIvOCI
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for the shareholders
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Nice gain! Could be nervous about COIN transaction fee revenue of over half a percentage point. Coinbase 2020 revenues from transactions across their ATS vs. notional was over 50x what we make in revenues on the notional value of transactions that went across our OTC equity ATSs
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"Prices only go down in this business." - Jerry Putnam
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