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.
READ IMO, We're going to see a lot more investors like Sam Zell buying gold for the first time. Silver too.