Explore the latest developments concerning Coinbase gets an.
Coinbase gets an upgrade from Rothschild on growing crypto adoption in finance
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Coinbase (COIN) Stock Is Up, What You Need To Know
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Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 3.4% in the morning session after the cryptocurrency market rallied amid economic uncertainty, and the company benefited from positive operational updates.
Investors shifted capital into crypto amid concerns over a US government shutdown and a weakening dollar, lifting the entire sector. Adding to the positive sentiment, KeyBanc Capital Markets noted that Coinbase was best positioned to benefit from the growing adoption of stablecoins, a type of cryptocurrency pegged to a stable asset like the U.S. dollar. The company also improved its service by integrating the 1inch Swap API to enhance token swaps in its app. This news followed a recent milestone where the company surpassed $1 billion in on-chain Bitcoin-backed loans, signaling strong growth.
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Here's Why Coinbase Global Is Poised to Benefit From the Government Shutdown
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