Coinbase continues gains for seven straight sessions

Coinbase ( NASDAQ: COIN ) continued gains for seven straight sessions as the stock closed 1.59% higher at $386.07 on ￰0￱ cryptocurrency exchange gained more than 20% in the past six trading ￰1￱ stock has gained more than 55% so far this year compared to an over 14% gain in the broader benchmark ￰2￱ is up 29% over the past one ￰3￱ stock closed 2.14% higher at $380.02 on ￰4￱ said on Monday that it has applied for a national trust company charter from the ￰5￱ of the Comptroller of the Currency to grow its crypto custody ￰6￱ particular kind of license would let Coinbase operate as a federally regulated trust company

giving the crypto exchange the ability to offer custody and related banking services across the ￰7￱ one federal license instead of dealing with many state-by-state ￰8￱ rise in Coinbase ( COIN ) shares can also be attributed to Bitcoin ( BTC-USD ) reaching another record high over the weekend with crypto investment products recording historic ￰9￱ last week started coverage on Coinbase with a Buy rating as analyst Andrew Harte believes the company is well-positioned to benefit from both increased digital asset adoption over the near term and diversification efforts ￰10￱ Alpha’s Quant rating system and SA authors have rated the stock HOLD while sell-side analysts see the stock as ￰11￱ on Coinbase Coinbase: A Bullish Year-End Could Spark A Multiple Expansion Coinbase: A Risky Bet As Trading Fervor Cools Down Coinbase: A Show-Me Story Under The New Regulatory Regime (Rating Downgrade) Coinbase seeks national trust charter to expand crypto custody business Coinbase rated new Buy at BTIG on diversification

crypto adoption