Why Coinbase Soared Almost 40% This Week
Coinbase(COIN) The Motley Fool·2024-11-08 14:00The cryptocurrency trading site rallied on the heels of Donald Trump's election.Shares of Coinbase (COIN 0.50%) rocketed 39.8% this week through Thursday trading, according to data from S&P Global Market Intelligence.The cryptocurrency online broker rallied following the election of Donald Trump, which was thought to be a positive for Bitcoin (BTC 1.90%) and other cryptocurrencies as well. Since Coinbase's business is largely predicated on commissions charged as a percentage of crypto bought or sold, its fi ...