Coinbase: Genesis’ approval to sell its GBTC won’t disrupt crypto market
Cryptocurrency exchange Coinbase predicts that the bankruptcy of cryptocurrency lending company Genesis and its approval to sell its shares in the Grayscale Bitcoin Trust (GBTC) will not disrupt the cryptocurrency market. It believes that most of the funds will flow back into the cryptocurrency ecosystem, resulting in a neutral impact on the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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