Home News Coinbase now allows users to share their crypto allocations

Coinbase now allows users to share their crypto allocations

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“We want to enable the crypto-economy to exchange expertise and information. And learn from one another”, said Rishav Mukherji, Coinbase’s senior product manager.

In the United States, Coinbase’s 68 million verified users may now simply make their portfolio information public.

Coinbase’s app now features a mechanism that shares a user’s allocation percentage, not their holdings, with their network of friends, according to senior product manager Rishav Mukherji in a blog post on Friday. Customers will be able to share additional details about their Coinbase trades in the coming weeks, he promised.

Mukherji continued, “We want to empower the crypto-economy to share knowledge and skills and learn from one another”.

Coinbase is a crypto exchange behemoth in the United States. With 8.8 million monthly active users and over $1.2 billion in revenue as of the second quarter of 2021. In the same period, the company’s earnings were $406 million, down 74.7% from the previous quarter.

Some may view significant people openly announcing even the percentage allocation of their assets to be a market indicator. Nevertheless, social media integration is entirely a new step for Coinbase. Tim Cook, the CEO of Apple and a millionaire, acknowledged for the first time this week that he has some cryptocurrency in his portfolio, although he didn’t say which sort or how much. Others, such as Shark Tank’s Kevin O’Leary and Mad Money presenter Jim Cramer, have been more forthcoming about their crypto holdings.

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