The post Coinbase Executives Sell Shares Despite the Rising Stock Value and Legal Action appeared first on Coinpedia Fintech News

Senior executives at cryptocurrency exchange Coinbase, including CEO Brian Armstrong, have been selling their shares in the company despite its stock value growing by 50% over the last month to hit $78.7 on 7 July. Armstrong and colleagues sold 88,058 shares between them, worth $6.9m at a time when Coinbase is the topic of legal action in the US over securities violations. In the past six months, the value of the shares has risen 133%. However, Cathie Wood’s investment company Ark Invest has been holding its 400,000 shares since purchasing them in early June.