The Coinbase Effect Shows The Power Of The US’s Most Important Cryptocurrency Platform

Coinbase CEO Brian Armstrong

Anthony Harvey / Getty Images

On Tuesday, Justin Blau, a well-known DJ and amateur bitcoin trader, was fixed to his computer monitor, caught up in what he thought would be the latest cryptocurrency gold rush. It was 5:20 p.m. in his hometown of Las Vegas, and minutes earlier Coinbase, the most accessible place for Americans to buy and sell virtual money, had announced that it would allow trading …
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