Coinbase (COIN) stock surges 5.9% after acquiring LiquiFi, positive sentiment in the cryptocurrency market.

From StockStory: 2025-07-02 15:05:00

Shares of Coinbase (NASDAQ:COIN) surged 5.9% following the announcement of its acquisition of LiquiFi, a token management platform, to enhance services for early-stage crypto projects. The move aims to simplify processes for new businesses launching on the blockchain. The positive momentum was also supported by Bitcoin climbing towards $110,000, reflecting a positive sentiment in the cryptocurrency market. Coinbase shares have been volatile, with 66 moves greater than 5% in the last year. Currently trading at $355.76, close to its 52-week high, the stock is up 38.3% since the beginning of the year. Investors who bought $1,000 worth of shares at the IPO in April 2021 would now have an investment worth $1,083.



Read more at StockStory: Why Is Coinbase (COIN) Stock Rocketing Higher Today