Crypto Rally Powers Coinbase Stock Higher
March 22, 2023 at 08:00 AM EDT
Among crypto-correlated equities, it’s difficult to find a more familiar and more correlated name than exchange operator Coinbase (NASDAQ: COIN). For better or worse, many investors assume that Coinbase’s business model relies heavily on cryptocurrency prices soaring, implying the shares of the exchange operator are vulnerable when bitcoin and its brethren retreat. That scenario is [...] The post Crypto Rally Powers Coinbase Stock Higher appeared first on ETF Trends .
