Coinbase Goes Social by Letting Users Tout Crypto Allocations

Coinbase Global is adding a slew of social-networking capabilities, one of which will make it easier for traders to share information about their allocations on platforms such as Instagram and Twitter. From a report: The biggest U.S. cryptocurrency exchange said Friday it's adding a Share button that will let traders detail what coins they own on social networks. More ways of sharing data about trades are in the works as well, the company said in a blog. The effort is likely aimed at harnessing word of mouth about crypto investing to attract more users. Coinbase said this week that its monthly transacting users had decreased sequentially in the third quarter. At the same time, the firm boosted its recurring-user forecast for the full year.

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