Top digital coins Bitcoin And Ethereum Assets aren't the only thing booming in the crypto sphere right now: Coinbase's stock is also on a roll.
Ahead of Terra's May 2022 crash, shares of America's largest cryptocurrency exchange — Coin on the Nasdaq — are at record highs.
COIN's price is trading at $115.75 per share—up nearly 6% over the past day—and was close to touching $117 per share so far on Friday. And last month, COIN was up over 41% when it was trading at $82 per share.
San Francisco-based Coinbase is a publicly traded company on the Nasdaq. From 2021 onwards. COIN was at the end of this price in May 2022 before the crypto project Terra Out and about And it took much of the digital asset ecosystem with it.
It was a popular crypto ecosystem where Terra Apps mostly focused. Algorithm stable coin. Its native cryptocurrency (LUNA) was one of the largest digital assets by market value. In May 2022, Terra collapsed – bringing on a bear market that caused many projects with exposure to the project to declare bankruptcy.
Most digital coins and tokens—including Bitcoin and Ethereum—struggled to reach their pre-Terra crowd. But today they are making a comeback: Bitcoin, the largest digital coin by market capitalization, today get up Ethereum was close to $2,131 on Friday, past $38,000.
Coinbase may be receiving increasing attention because of several high-profile Wall Street companies You chose The company will be the custodian or monitoring sharing partner at each location. Bitcoin Exchange Traded Fund (ETF) Applications.
The world's largest fund manager – and the likes of Fidelity – want to use Coinbase's long-awaited investment product.
A Bitcoin ETF gives traditional investors exposure to crypto through stocks that track the value of the digital asset. The US Securities and Exchange Commission is currently reviewing several applications for such a product.
Edited by Andrew Hayward.
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