The post Coinbase Buys an Equity Stake in Circle for Enhanced Business Ties! appeared first on Coinpedia Fintech News
Circle and Coinbase have declared an extension and deepening of their commercial relationship. As a part of the new deal, Coinbase will take an equity stake in Circle, according to a statement from Circle’s CEO Jeremy Allaire in a tweet posted on X. While the value of the stake was not disclosed, the move is considered as a ‘significant step forward’ for both firms’ collaboration in the cryptocurrency space, including wider adoption and innovation. This partnership comes as several institutional investors seek exposure to the booming crypto market.
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