Coinbase, the largest cryptocurrency exchange in the U.S. by trading volume, plans to buy back $1 billion worth of shares.
On Oct. 30, Coinbase announced the authorization of a $1 billion share buyback program alongside its third-quarter earnings report.
"In October 2024, our board of directors authorized and approved a share repurchase program, which provides for the repurchase of up to $1 billion of our outstanding Class A common stock without expiration," Coinbase said.
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