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Republic Capital Has Recently Transferred 24.5 Million MATIC T | Crypto News Source

Republic Capital Has Recently Transferred 24.5 Million MATIC To Coinbase

Republic
Capital moved 24.5 million MATIC (about 27.2 million US dollars) to Coinbase on March 17, according to Spot On Chain monitoring. The price of MATIC when it was transferred to Coinbase was 1.11 US dollars. Republic Capital, which was one of the investors in Polygon’s US$450 million private placement fundraising earlier.

Republic Capital, a prominent US investment business, recently moved 24.5 million MATIC to Coinbase, one of the world’s major cryptocurrency exchanges. This significant purchase exemplifies the rising trend of institutional investors entering the cryptocurrency market and becoming more involved in the management of their digital assets. Republic Capital’s decision to invest in MATIC, a popular cryptocurrency noted for its rapid and low-cost transactions, indicates the firm’s belief in the cryptocurrency industry’s future growth.

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