Why Coinbase Surged 27.8% in the 1st Half of 2024
COINCoinbase(COIN) The Motley Fool·2024-07-15 09:50

Active trading markets and rising Bitcoin prices have boosted the crypto exchange operator.Shares of Coinbase Global (COIN 1.58%) rose 27.8% in the first half of 2024, according to data from S&P Global Market Intelligence.Following the Securities and Exchange Commission's approval of spot Bitcoin ETFs earlier this year, the cryptocurrency exchange operator benefited from strong Bitcoin prices. Active cryptocurrency trading benefited Coinbase's platform, which saw volume surge higher in the first quarter.Tra ...