Coinbase Surges as Bernstein Declares It the ‘Amazon of Crypto’
Crypto exchange Coinbase debuted on this year’s TIME 100 Most Influential Companies list as a “disruptor” after the company made waves as leading policy advocate, instrumental in Trump’s reelection.
The news helped push Coinbase’s stock from roughly $303 per share to a local high of $382 per share. TIME wrote:
“The company, which in May became the first crypto stock to be added to the bellwether S&P 500 index, is a key driver of the industry’s policy efforts in Washington D.C. If industry-friendly bills are passed, Coinbase stands to become an even bigger hub for US crypto activity.”
Coinbase is up 17.17% over the last past 5 days, source: Google
Last week the stock hit a fresh 52-week high after Bernstein analysts issued…
