From Nasdaq: 2024-06-10 07:30:00

Coinbase Global’s stock has surged 300% in the past year amid a crypto bull market, but faces a potential lawsuit from the SEC for operating as an unregistered securities exchange. Recent developments, including SEC approval of spot Bitcoin ETFs and a pending approval of a spot Ethereum ETF, may benefit Coinbase’s defense. If successful, this could provide regulatory clarity for Coinbase to expand its offerings and become a leading crypto platform.

Read more at Nasdaq: This Little-Known Fact Is Why Coinbase Stock Is On Track to Keep Going Higher