Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC - adtechsolutions

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Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC


Nasdaq Blisted Cryptocurrence Coinbase (COIN) This month it increased by 43%, making the company the best artist in the S&P 500 because it joined the index at the end of last month.

June has been the best since November and limits three direct profits. Shares of Coinbase reached their the highest level from their public debut.

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Coin hit 382 $ 382 this week before it triggered a slight correction, ended a week at $ 353 and recorded a slight decline of 0.7% after trading after hours to $ 351.

The wider S&P 500 index increased by about 5%in June when geopolitical tension was facilitated.

The progress in Washington in the Law on the Brilliant Act, the first book Congress for Stablecoins that caused the dollar, helped move investor focus from Stablecoin income fees.

The bill brightened the view of the circle whose shares hit the record and saw its Market ceiling near the Coinbase Charter this week.

Coinbase maintains all revenue from USDC balances held on its platform and almost half of the USDC income equal to 99 percent of the income, which provides the shareholders of indirect exposure without additional costs. CNBC Reported on Friday and quoted analysts, including the head of research into financial technologies of Devin Ryan citizens.

However, trading remains suppressed. The average daily volume for Coinbase has been carried below since April.





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