Intel gets involved in virtual currency and invests $710,000 in cryptocurrency trading platform Coinbase

According to the Institute of Core Research, foreign media reported that Intel Corporation showed in a document submitted to regulators last Friday local time that the company holds a small stake in the cryptocurrency exchange CoinBase, with a market value of approximately US$788,000.

Compiled by Chip Research Institute

It is understood that Coinbase is one of the world's largest cryptocurrency exchanges. It was listed on the Nasdaq on April 14 and is the first listed cryptocurrency exchange. Its platform products include Bitcoin, Ethereum, Binance Coin and Dogecoin.

At the beginning of its listing, Coinbase's stock price soared above the reference price of $250 to reach a high of $429, but then fell all the way back to close at $328.28, giving Coinbase a valuation of $85.8 billion.