Coinbase Announces Investment Policy Updates to Increase Investments in Crypto Assets

The digital asset exchange operator Coinbase announced today that it has determined to change its investment policy, so as to encourage traders to invest in crypto assets.

Wanna be the Next Cover Person of Fazzaco Magazine?

The crypto exchange clarified that it has committed to invest $500M of its cash and cash equivalents. Going forward, it will also allocate 10% of quarterly net income into a diverse portfolio of crypto assets, which means that Coinbase will become the first publicly traded company to hold Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto assets supported for trading on its platform, in addition to Bitcoin, on its balance sheet.

The crypto asset investment allocation will be driven by Coinbase’s aggregate custodial crypto balances, which means that its customers will drive the investment strategy.

Coinbase may increase its allocation over time as the cryptoeconomy matures.

“We believe that in the future, more and more companies will hold crypto assets on their balance sheet. We hope by incorporating more crypto assets into our own corporate financial practices, we can take another step towards building a more open cryptoeconomy,” said Alesia Haas, Coinbase Chief Financial Officer.

Shortky before, Fazzaco reported that Coinbase launched its services in Japan​, one of the first countries to embrace crypto and one of the largest markets by crypto trading volumes in the world.