A recent accounting rule change in the United States will allow companies to Report gains from holding Cryptocurrencies not just losses this Alteration might prompt increased Adoption of Bitcoin and crypto Among Us Firms previously firms could only Recognize losses on their balance sheets Now they can accurately depict the Market value of their crypto Holdings Potentially encouraging mainstream Adoption effective December 2024 this Change enables companies to reflect Gains on their Holdings experts believe This move signals growing corporate Interest in integrating cryptocurrencies Into Financial strategies and signifies Their establishment within the financial Landscape potentially removing obstacles For corporations holding Bitcoin on Their balance Sheets for all the latest crypto news And updates subscribe to the official Coin Telegraph YouTube channel
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Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.