–With assistance from Anchalee Worrachate and Vildana Hajric. The overall value of more than 6,600 coins tracked by CoinGecko recently surpassed $2 trillion. The most active trading pair is BTC/USD with a 24h volume of 415,353,828.26. Coinbase Exchange 24h volume is reported to be at 1,032,701,863.54, a change of -29.96 in the last 24 hours. Other cryptocurrencies, such as second-ranked Ether, have also been climbing. Currently, there are 241 coins and 478 trading pairs available on the exchange. “In recent months, a clear and emphatic narrative that Bitcoin is becoming a store of value in the form of digital gold has developed,” according to Jeroen Blokland, a portfolio manager at Robeco. have begun using cryptocurrencies as part of the payments process.Ī study by Dutch asset manager Robeco suggests that despite its high volatility, a 1% allocation to Bitcoin in a diversified multi-asset portfolio could be beneficial given its resemblance to gold and its near zero correlation to other asset classes. The deck of exchange-traded funds tracking the token is expanding, while Paypal Inc. Morgan Stanley plans to give rich clients access to three funds that will enable crypto ownership. has said it’s close to offering investment vehicles for Bitcoin and other digital assets to private wealth clients. earlier this year disclosed a $1.5 billion investment in Bitcoin and more recently started accepting it as payment for electric cars.Įlsewhere, Goldman Sachs Group Inc. “It’s moves like this that make consumers feel safer with crypto and ultimately boost confidence in the space.”Ī growing list of companies are looking at or even investing in Bitcoin, drawn by client demand, price momentum and arguments that it can hedge risks such as faster inflation. “A crypto company moving to IPO is a big milestone,” said Nick Jones, CEO and co-founder at cryptocurrency wallet Zumo. Huobi Token and KuCoin Token, among others, also gained. Binance’s, known as BNB, rose 23% Monday, according to . Meanwhile, exchange tokens, such as Binance Coin, are seeing their value rise ahead of Coinbase’s public debut as well. Coinbase is due to go public on the Nasdaq on April 14, the first listing of its kind for a major cryptocurrency company and a test of investor appetite for other start-ups in the sector. Keep reading list of 4 items list 1 of 4 Nigeria’s crackdown on Bitcoin echoes global crypto conundrum list 2 of 4 Bitcoin selloff takes a bite out of cryptocurrency’s biggest fund list 3 of 4 Bitcoin for Babe Ruth? Sports auction house will accept crypto list 4 of 4 Beyond Bitcoin: Ether breaks past $2,000 as crypto gains widen end of listĪgainst the backdrop of Wall Street’s growing embrace of crypto, the direct listing of digital-token exchange Coinbase Global Inc.
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