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Coinbase CEO Armstrong’s Net Worth Is Between $7B and $15B: Report
The Coinbase CEO is among the world’s 500 richest people, according to Bloomberg.
Updated Sep 14, 2021, 12:18 p.m. Published Feb 27, 2021, 3:25 p.m. 1 min read
Coinbase CEO Brian Armstrong’s net worth is between $7 billion and $15 billion based on recent private share sales that valued the cryptocurrency exchange at as much as $100 billion, according to a Bloomberg report Friday.
- This puts Armstrong among the world’s 500 richest people as Coinbase heads toward a public listing, the report said.
- The executive also netted almost $60 million in salary in 2020, outpacing JPMorgan Chase CEO Jamie Dimon ($31.5 million) and Apple CEO Tim Cook ($14.7 million).
Read more: Coinbase Is Going Public: Everything You Need to Know
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Ether drops below $2,000 amid heavy selling pressure, yet futures open interest hits a record high. This divergences suggests aggressive shorting.
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- Ether has fallen below $2,000 for the first time since March amid rising risk aversion, with losses of nearly 8% over the past week.
- Open interest in ether futures has hit a record high even as prices drop, a combination that suggests aggressive leveraged selling and a bearish market tilt.
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