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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
The asset appears to be the first EUR stablecoin fully supported by the exchange.
Coinbase spent $3.4 million on lobbying activities in 2022, while Binance US and FTX US spent $960,000 and $720,000, respectively.
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
