Coinbase Global Inc

Intercontinental Exchange sells Coinbase stake for $1.2B

Intercontinental Exchange has sold its 1.4% stake in Coinbase to reduce the company’s debt. New York Stock Exchange (NYSE) operator Intercontinental Exchange Inc (NYSE:ICE) has sold its 1.4% stake in cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN). What Happened: According to ICE’s Chief Financial Officer Scott Hill, proceeds from the sale generated over $1.2 billion, which amounted to $900 million after taxes....

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