News Explorer — Coinbase's Stock, COIN, Reaches Highest Price Since Terra's Collapse

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Nov 24, 5:13 pm

Decrypt

Coinbase's Stock, COIN, Reaches Highest Price Since Terra's Collapse

Coinbase's stock, COIN, is experiencing a surge in price, reaching its highest level since before the collapse of crypto project Terra in May 2022. Trading at $115.75 per share, COIN has seen a nearly 6% increase in the past day and has risen over 41% in the past month. This rise in attention may be due to Coinbase being selected by high-profile Wall Street firms as a custodian or surveillance-sharing partner for their Bitcoin ETF applications.

Coinbase's stock, COIN, is experiencing a surge in price, reaching its highest level since before the collapse of crypto project Terra in May 2022. Trading at $115.75 per share, COIN has seen a nearly 6% increase in the past day and has risen over 41% in the past month. This rise in attention may be due to Coinbase being selected by high-profile Wall Street firms as a custodian or surveillance-sharing partner for their Bitcoin ETF applications.

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