Cryptocurrency exchange Coinbase stocks registered with NASDAQ (coin) This month it rose 43%, becoming the top performer of the S&P 500 since joining the index at the end of last month.
The June run is already the highest in stock since November, capping three consecutive monthly profits. Coinbase’s shares have reached the highest level since its publication.
The coin hit a high of $382 this week before enduring a minor fix, closing the week at $353, falling just 0.7% to $351 in after-hours trading.
The broader S&P 500 index rose by about 5% in June as geopolitical tensions eased.
Washington’s progress on the Genius Act, the first rulebook for Dollar Pegged Stablecoins, helped shift investors’ focus from trading fees to Stablecoin revenues.
Bill brightened the circle’s outlook. The Circle’s outlook saw Coinbase’s market capitalization this week as stocks hit record highs.
Coinbase maintains all yields of nearly half of USDC revenues held on the platform and almost half of other USDC revenues, which amounts to about 99% of Circle’s revenue, giving shareholders an indirect exposure at additional costs, citing analysts, including a citizen’s head of financial technology research, on Friday.
However, transactions remained restrained. Coinbase average daily volume has been lower since April.
