In an announcement earlier today, Coinbase Chairman and COO, Asiff Hirji, said investors and crypto enthusiasts had received another $ 300 million investment that allowed the company to exceed $ 8 billion. The funds will be used to accelerate the adoption of crypto currencies and digital assets to form the next phase of the web, often called Web 3.0. Can this Ripple (XRP) and Tron (TRX) make money listed on the stock market?
Where will Coinbase use the funds it collects?
$ 300 million was part of an E-Series Fund managed by Tiger Global Management with the participation of Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others. According to Hirji, funds will be used to accelerate exchange in the following activities::
Global expansion: building infrastructure between Fiat and crypto in regulated markets worldwide.
Quickly listing more crypto assets:the company will list hundreds of crypto funds that can be added to the platform, as well as thousands of future crypto funds.
Utilities for crypto:for example, recently announced for the ongoing development of Circleís USDC and Coinbase wallet.
Bringing institutions to the crypto: adding features and crypto assets to Custody services to provide more corporate funding to the industry.
Ripple (XRP) and Tron (TRX) currencies can be listed in Coinbase
The majority of XRP and Tron (TRX) Hoders are hopeful of a Coinbase listing. Coinbaseís plans to list hundreds of crypto money are an indication that both digital assets will soon be available on the stock market. Looking at the ranking of XRP and TRX, digital assets are ranked third and eleventh in terms of market value.
Therefore, given the importance of the Coinbase team in the crypto markets, it is safe to conclude that it will probably examine the two entities to be listed. Both Krypto currencies are popular among traders, and both have the support of the large Krypto communities from all corners of the world.