Coinbase Plans to Spend More of its Cash on Crypto After USD 500M Buy

Source: AdobeStock / photo_gonzo The crypto exchange giant Coinbase has stated that it wants to spend even more of its profits on buying cryptoassets - but has admitted that its plans will hinge on the sector's growth prospects. The company and its CEO Brian Armstrong were speaking after Coinbase unveiled plans to splash USD 500m of balance sheet funds on coins, including ethereum (ETH), as