Digital Coin News

Coinbase Stock Jumps. A Bitcoin, Crypto Frenzy Is Fueling Its Rally.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Crypto stocks like Coinbase and MicroStrategy are tearing higher in line with token prices.

Coinbase Global stock was climbing Monday as the price of Bitcoin continued to rise. A crypto frenzy shows little sign of stopping, boosting sentiment across the digital-asset space—and broker Coinbase could benefit from the trading activity.

The company’s core business remains its brokerage, where it collects transaction fees from buying and selling cryptos. This business tends to do particularly well during periods of volatility and bullish runs, when investors pile into tokens. While a notable amount of the current price action appears to be driven by inflows into spot Bitcoin exchange-traded funds , it is also likely that spot trading has picked up.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan Upgrades Coinbase Shares as Crypto Prices SurgeJPMorgan upgraded the shares of crypto exchange Coinbase (COIN) to neutral to reflect the recent surge in cryptocurrency prices. The approval of spot bitcoin ETFs has contributed to better spot bitcoin flows and higher prices.
Source: CoinDesk - 🏆 291. / 63 Read more »

Nearly $1 Billion in Bitcoin Disappears After Transfer From Major US ExchangeAlmost $1 billion in Bitcoin mysteriously disappears after substantial transfer from major US exchange Coinbase
Source: Utoday_en - 🏆 295. / 63 Read more »