INTERVIEW - Cathie Wood, ARK: why we increased our position in Coinbase
June 08, 2023 at 05:31 am EDT
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Cathie Wood, Managing Director and Chief Investment Officer of Ark Invest, explains why her funds have increased their holdings in Coinbase (COIN) and why she believes Binance's legal woes will benefit its rival. She also explains why she believes artificial intelligence will be the greatest catalyst for innovation, and gives her views on electric vehicle manufacturers such as Tesla (TSLA) and China's BYD.
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides platform, which enables its users to engage in a variety of activities, including discovering, trading, staking, storing, spending, earning and using their crypto assets. The Company offers a suite of products and services that are designed to meet the distinct needs of its three customer groups: consumers, which includes individual retail user customers seeking to discover or trade crypto assets and engage in on chain activities; institutions, which are businesses that include market makers, asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, and public and private corporations; developers, which comprise of developers, creators, merchants, crypto asset issuers, organizations and financial institutions, and other groups building decentralized protocols, applications, products, or other services on chain.
COINBASE GLOBAL, INC. 
