Coinbase’s stock closed Monday’s session at $394.01 per share, giving the company a market cap above $100 billion.
Following bitcoin's rise to new all-time highs this weekend, the largest crypto exchange in the U.S. hit two significant milestones in Monday's trading session.
Coinbase's stock closed the day up 1.8% at $394.01 per share, according to The Block's COIN data. That marks a new all-time closing high for the stock, which hit the public markets in April 2021. Shares hit an intraday high of $398.50.
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Impressive. Selling shitcoins is profitable apparently
I guess you got a point there! But let's be real, right now Coinbase has a whole other side to its business besides just buying and selling crypto. They just got into the derivatives market, like, not long ago.
Plus we don’t know how much they charge MSTR to custody their coins and they are getting payments from circle to push their stablecoin