Coinbase has $4.36B in cash reserves as of June 30, about four times higher than at the end of 2020, as it prepares for possible tighter regulation (Kristin Broughton/Wall Street Journal)

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Kristin Broughton / Wall Street Journal:
Coinbase has $4.36B in cash reserves as of June 30, about four times higher than at the end of 2020, as it prepares for possible tighter regulation  —  The cryptocurrency exchange plans to use its cash to expand and prepare for higher compliance costs, CFO says