Coinbase stock breaks $300 for first time since 2021

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.

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Article Details

Author / Journalist: Cointelegraph by Alex O’Donnell

Category: Crypto

Markets: United States

Topics: Galaxy digital Coinbase Coinbase stock Trump crypto Coin Us elections 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 19:49:47 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 6 lines

Sentence Length: 66 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 23528482

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 28 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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