Despite the ongoing crypto winter and the various regulatory challenges faced by Coinbase, its shares are trading at a valuation close to that at which they traded in late 2021, which was the height of the last crypto boom, the report added, noting that the stock has risen more than 112% this year versus a 72% gain for bitcoin (BTC) and a 29% uplift for the Nasdaq stock index.
Related posts
-
Nearly 30% of crypto trends focused on meme coins in 2024, survey shows
2024 has seen a dramatic surge in interest in meme coins, with almost a third of... -
Upbit set to delist Bitcoin Gold on Jan. 23, 2025 due to trading caution
South Korea’s largest crypto exchange, Upbit, plans to stop trading support for Bitcoin Gold starting from... -
Brazil’s largest crypto exchange Mercado Bitcoin integrates INJ
Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, has integrated INJ, the native token of the Layer-1 Injective...