🚀 Cathie Wood, CEO of ARK Investment Management, remains bullish on Coinbase, despite Ripple's only partial victory against the SEC on July 13 🎉 Wood sees the ruling as "largely positive for [crypto] exchanges" and suggests it could set a favorable precedent for Coinbase and Binance in their own SEC battles 💪

Noteworthy Deets:

📈 Coinbase started 2023 at just $33.60 a share, but has surged 184% since to reach $105.55

💥 Wood's ARK Innovation ETF recently cashed in on this rally, selling 135,152 Coinbase shares worth $12 million

🚨 Analysts from Berenberg Capital Markets, however, warn that crypto exchange regulation is far from resolved 🧐

What do you think about the future of crypto exchanges? Share your thoughts below! ⬇️