Close Menu
What The FinanceWhat The Finance
    What's Hot

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Facebook YouTube
    What The FinanceWhat The Finance
    Donate
    • NewsWire

      Capital One-Discover Merger Reshaping the Credit Card Industry

      April 24, 2025

      Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

      April 15, 2025

      Breaking Down the U.S. Budget

      February 14, 2025

      The Financial Impact of Mizotakis Resigning in Greece

      February 1, 2025

      Incoming US President Shocks with $TRUMP Memecoin Launch

      January 18, 2025
    • Bitcoin

      The Rise of State-Level Strategic Bitcoin Reserves

      February 19, 2025

      How Oklahoma is Embracing Bitcoin with Legislation

      January 15, 2025

      Without Bitcoin: A Grim Vision of the Financial Future

      January 6, 2025

      Rumble Video Creators to Be Paid in Bitcoin

      December 24, 2024

      French Politician Advocates for EU Bitcoin Reserve

      December 17, 2024
    • Crypto

      The DAO Governance Battle Between Corporations & Blockchain Rebels

      October 25, 2024

      Altcoin Season Coming to an End? BTC Dominance & Institutions

      September 27, 2024

      Is Tether a $118 Billion Dollar Scandal Waiting to Happen?

      September 18, 2024

      Uncovering North Korean IT Workers in DeFi Scam

      August 16, 2024

      Navigating the Crypto Market: Avoiding Liquidation & Bull Traps

      July 24, 2024
    • Stocks

      NASDAQ 100 Welcomes Bitcoin Through MicroStrategy

      December 14, 2024

      Master the Time Value of Money Financial Concept

      December 9, 2024

      MicroStrategy Convertible Debt Expansion Sparks Stock Surge

      November 21, 2024

      Financial Ratios Guide to Measuring Business Performance

      November 18, 2024

      The Highest Paid CEOs of 2024

      October 1, 2024
    • Global Economy

      Whistleblowers Unmask Schwab’s Toxic WEF Secrets

      April 25, 2025

      Tariff Tensions Drive Market Volatility

      April 9, 2025

      Red in Name Only: Labour’s War on the UK Working Class

      March 18, 2025

      AI, Robotics & the Future of Cheap Production

      January 20, 2025

      Can Milei Inflation Gamble Hurt Argentina’s Future?

      January 13, 2025
    • TradFi
      • Investment Ideas
      • Forex
      • Commodities
      • Best Deals
    • Markets
      • Cryptocurrency Prices
      • Fear & Greed Index
      • World Market Indices
      • US Stock Market
      • Live Forex Rates
      • S&P 500
      • Gold
    What The FinanceWhat The Finance
    Home»Stock Market»Coinbase Lawsuit Sparks 90% Surge in $COIN Stock Price
    Coinbase COIN stock
    Stock Market

    Coinbase Lawsuit Sparks 90% Surge in $COIN Stock Price

    July 13, 2023No Comments3 Mins Read
    Share
    Twitter Facebook Reddit LinkedIn Telegram

    $COIN is the ticker symbol for Coinbase Global Inc., which is listed on the NASDAQ stock exchange. Coinbase is a leading cryptocurrency exchange platform that allows users to buy, sell, and store various digital currencies, including Bitcoin and Ethereum.

    When investors purchase $COIN, they are buying shares in Coinbase Global Inc., not the cryptocurrencies themselves. The performance of $COIN as a stock is tied to the financial performance and business prospects of Coinbase as a company, rather than the value of any specific cryptocurrency.

    So, in essence, $COIN is a way for investors to gain exposure to the broader cryptocurrency market by investing in one of the industry’s leading companies. It reflects investor sentiment towards the company’s management, earnings, growth potential, and the overall health of the cryptocurrency market.

    Price Movement

    Following the SEC lawsuit against Coinbase, the price of $COIN has witnessed a remarkable surge. It has soared by an astonishing 90% since the filing, demonstrating the resilience and confidence of investors in the platform’s long-term prospects. Comparatively, during the same period, #Bitcoin experienced a 25% increase, and $ETH saw a 16% rise. The outperformance of $COIN indicates that investors are optimistic about Coinbase’s ability to navigate regulatory challenges and sustain growth in the evolving cryptocurrency landscape.

    COIN on NASDAQ Chart

    Chart of COIN stock price on NASDAQ

    Coinbase Developments

    Coinbase International: Coinbase’s expansion into international markets has been a significant development. By broadening its presence beyond the United States, Coinbase aims to capture a larger user base and tap into the immense potential of global cryptocurrency adoption. This strategic move positions Coinbase as a frontrunner in the global digital asset marketplace.

    $BASE L2

    Coinbase’s introduction of $BASE L2, a Layer 2 scaling solution, reflects the company’s commitment to addressing scalability issues and improving transaction speed on its platform. This development is expected to enhance user experience and bolster Coinbase’s competitiveness in the market, attracting both retail and institutional investors.

    Custody Fees from Blackrock ETF & Other ETFs

    Coinbase

    Coinbase’s partnership with Blackrock ETF and other exchange-traded funds (ETFs) to offer custody services has generated substantial interest. This collaboration reinforces Coinbase’s credibility as a trusted custodian for institutional investors, opening avenues for increased adoption and diversification of digital assets.

    Cathie’s Selling Action

    Cathie Wood, from ARK Invest, recent selling action, involving the disposal of $12 million worth of COIN at range highs, while maintaining her dollar-cost averaging (DCA) price of $240, has garnered attention. This suggests that Cathie believes in the long-term potential of Coinbase and chose to take profits on a portion of her investment while maintaining a stable average entry price. For average investors, this action may serve as a reminder to assess their investment goals, and risk tolerance, and consider adopting strategies like DCA to manage their exposure to volatile assets like $COIN.

    Final words

    The recent developments surrounding $COIN and Coinbase highlight the platform’s resilience, innovation, and ability to navigate regulatory challenges in the evolving cryptocurrency landscape. The sharp price rise in $COIN compared to other cryptocurrencies, coupled with Coinbase’s strategic initiatives such as international expansion, $BASE L2, and custody services, demonstrates the company’s commitment to growth and capturing new opportunities.

    Cathie’s selling action, while maintaining her DCA price, emphasizes the importance of having a well-defined investment strategy in the face of volatile market conditions. As the cryptocurrency industry continues to evolve, investors should stay informed, conduct thorough research, and make prudent investment decisions to capitalize on the potential offered by platforms like Coinbase.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • April 25, 2025Global EconomicsWhistleblowers Unmask Schwab’s Toxic WEF Secrets
    • April 9, 2025Global EconomicsTariff Tensions Drive Market Volatility
    • March 18, 2025Global EconomicsRed in Name Only: Labour’s War on the UK Working Class
    • March 7, 2025SatoshiCraig Wright Banned from UK Courts with Civil Restraint Order
    1
    Share. Twitter LinkedIn Telegram Reddit Facebook
    Previous ArticleInvesting in Meme Coins: Have You Gone Banano?
    Next Article XRP Up by 65% as Judge Claims Ripple Was Not Selling Securities

    Related Posts

    NASDAQ 100 Welcomes Bitcoin Through MicroStrategy

    December 14, 2024Updated:December 14, 2024

    Master the Time Value of Money Financial Concept

    December 9, 2024

    MicroStrategy Convertible Debt Expansion Sparks Stock Surge

    November 21, 2024
    Add A Comment
    Leave A Reply

    Stock Ticker
    • Loading stock data...

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Recent Comments
    • Bitcoin Grandad on The Aftermath: Craig Wright, BSV & nChain in Crisis
    • Peter Williamson on SUI: A Rising Force in the Blockchain World
    • Peter Williamson on Robotics Revolution 2024: A Guide to 16 Industry Leaders
    Also Check Out

    Craig Wright Banned from UK Courts with Civil Restraint Order

    March 7, 2025

    The Rise of State-Level Strategic Bitcoin Reserves

    February 19, 2025

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    2007 - 2023 | What The Finance Magazine

    We're social. Connect with us:

    Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
    Top Insights

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025

    Red in Name Only: Labour’s War on the UK Working Class

    March 18, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Pages
    • About
    • Advertise
    • Get In Touch
    • Markets
    • Privacy Policy
    • Donate
    • Trending Articles

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok