Coinbase Stock Soars Highest Since 2021 Nasdaq Debut
Shares of crypto exchange Coinbase (COIN) climbed to their highest level since its April 2021 Nasdaq debut on Thursday, bringing the stock nearly full circle after plunging more than 90% during the depths of 2022’s crypto winter.
COIN hit $382 Thursday before paring some of the gains and closed higher by 5.5%. The stock’s more than doubled since plunging alongside April’s tariff-induced market panic.
Coinbase’s 2021 listing marked a watershed moment for the digital asset industry, but also signaled a peak in crypto. The stock rose as high as $382 before sliding over 90% amid the prolonged 2022 bear market.
Now, investors are increasingly positioning Coinbase as a long-term winner in the next phase of crypto growth, defined by rising…
