Coinbase Shifting Focus Due to Growing Institutional Investor Interest in Crypto

America’s largest cryptocurrency exchange, Coinbase, is shifting its focus to serve the needs of a growing interest in crypto by institutional investors. This is the narrative coming from the company after some changes in the last 10 days.

Firstly, news broke last week that Coinbase had filed to close its Political Action Committee (PAC) with the American Federal Election Commission (FEC).

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BTC/BCH Payment Service Bitpay Reports Growing Usage Processing $1.2 billion USD

Economy & Regulation

Bitpay’s chief operating officer, Sonny Singh, recently attested to the efficacy of bitcoin as a means of payment, stating that “bitcoin is being used all around the world for things other than speculation and trading.” The COO also reported that Bitpay processed $1.2 billion USD worth of bitcoin payment in 2018.

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