Business
Coinbase IPO sparks rush for ‘picks and shovels’ crypto assets – The Australian Financial Review
Investors of all sizes are hoping to emulate the success of Westpac’s venture arm, which stands to make a $500 million gain from its Coinbase investment.
The fund has an investment in Mawson Infrastructure, a bitcoin miner, Distributed Storage Solutions, a filecoin storage provider, and Independent Reserve, a crypto exchange.
It is going to be increasingly important, and at some point the regulators should have a look at it.
Peter King, Westpac CEO
We were prepared for this. One thing that is really interesting is that equity investors are desperate for cryptocurrency exposure and CoinBase provides that for mainstream institutional investors.
Rush…
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