Original Article: https://seekingalpha.com/news/3682347-hsbc-reportedly-barring-customers-from-buying-shares-of-coinbase
You can’t buy shares in COIN and MSTR.
- HSBC (NYSE:HSBC) is said to prohibit its customers from buying shares of Coinbase (NASDAQ:COIN) as it sticks to a policy of avoiding virtual currencies.
- The news comes after a report that was circulating earlier this week that that the bank banned customers on its online trading platform from buying shares of MicroStrategy (NASDAQ:MSTR).
- “HSBC has no appetite for direct exposure to virtual currencies and limited appetite to facilitate products or securities that derive their value from virtual currencies,” HSBC told publication Coindesk in a response to a question on Coindesk. “This is not a new policy.”
- Coinbase shares are largely unchanged in its second day of trading , one day after the cryptocurrency firm went public via a hot Nasdaq direct listing.
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