Why Coinbase Stock Soared Over 30% This Week

Shares of Coinbase Global (COIN 15.40%) rose over 35% this week, according to data from S&P Global Market Intelligence. The leading cryptocurrency trading platform had strong earnings in the fourth quarter and 2023. With prices of cryptocurrency, such as Bitcoin, soaring again, investors have piled back into Coinbase -- and quickly. Bitcoin prices are currently over $52,000 but still below all-time highs.As of 11:30 a.m. ET on Friday, Feb. 16, Coinbase shares are up 192% in the last 12 months. Here's why th ...