Wealth flex? Coinbase now allows users to share their crypto allocations

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All of the nearly 68 million US cryptocurrency exchanges Coinbase users can more easily make their wallet publicly available.

In a blog post on Coinbase on Friday, Senior Product Manager Reshav Mukherjee said that cryptocurrency exchange now includes a feature that shares a user’s distribution percentage, rather than a balance, with their network of friends. He said this will be the first step in the coming weeks for users to start sharing more information about Coinbase deals.

“We want the crypto-economy to be able to share knowledge and information and learn from each other,” Mukherjee said.

Coinbase is the largest cryptocurrency exchange in the United States with 8.8 million monthly active users registered in the second quarter of 2021, with over $ 1.2 billion in revenue in the third quarter. The company’s total profit for the same quarter was $ 406 million, down 74.7% from the second quarter.

Related topics: Coinbase will buy $ 500 million worth of cryptocurrency and invest 10% of all future profits in digital assets

Social media integration is pretty much a new step for Coinbase, although some may feel that key figures publicly disclose even the percentage of funds set aside as a market indicator. This week, Apple’s CEO and billionaire Tim Cook revealed for the first time that he has several cryptocurrencies in his wallet, but did not specify the type and quantity. Others, including Shark Tank star Kevin O’Leary and Mad Money presenter Jim Kramer, were more open about the proportion of cryptocurrencies in their portfolios.

Source: CoinTelegraph

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