Coinbase stock breaks $300 for first time since 2021

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The story "Coinbase stock breaks $300 for first time since 2021" was covered 1 weeks ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 1w ago

Coinbase stock breaks $300 for first time since 2021 - Coin Telegraph

Quick Summary:

The crypto exchange is one of the big winners from the United States elections on Nov.5.

Shares of cryptocurrency exchange Coinbase Inc.(COIN) surged more than 20% on Nov.11, pushing the stock past $300 for the first time since 2021.

Coinbase is focused on “some of the building blocks that are now in place to help bring one billion users onchain,” according to an Oct.30 shareholder letter.“In Q3, we made significant progress advancing some of these building blocks — notably, integrating stablecoins across our product suite and growing the Base network,” the letter said, referring to Coinbase’s layer 2 scaling network.