Coinbase Global ( NASDAQ:COIN )
The share price of Coinbase Global ( NASDAQ:COIN ) increased by 3.6% in premarket trading on Tuesday after the announcement made by the tech giant Google (NASDAQ:GOOGL) that it will allow some customers to pay for its cloud services with digital tokens such as bitcoin (BTC-USD) and Ethereum (ETH-USD) via Coinbase beginning in the early part of 2023. As a result, Coinbase stock surged in the market.
According to a statement, the action would reportedly boost the degree to which customers may choose how to pay for Google Cloud services, expanding the opportunities for using cryptocurrencies. The new payments experience will be powered by Coinbase Commerce, an application that enables businesses to accept cryptocurrency payments.
Coinbase Global ( NASDAQ:COIN ), the most active cryptocurrency exchange in the United States measured by trading volume, has decided to construct its exchange and data services on Google Cloud. This decision was made to better serve the expanding web3 ecosystem and its developers.
Coinbase Global ( NASDAQ:COIN ), which uses Google Cloud, can analyze blockchain data and increase the worldwide reach of its cryptocurrency services thanks to this partnership. Coinbase stock will also use the data and analytics capabilities offered by Google Cloud to give its clients insights into the cryptocurrency market powered by machine...
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