Coinbase stock price soars to the highest level since March 2022

Strong financial results provide tailwind

The stock price of Coinbase (COIN), the largest US virtual currency exchange, has returned to the March 2022 level, +8.8% from the previous day. Strong financial results appear to have accelerated buying.

Source: Tradingview

COIN is currently trading at $180.3, with a significant increase/decrease rate of +27% this week. The all-time high was $429.5 when it went public in April 2021.

Click here for the background and factors behind the soaring stock price:

In addition, Coinbase's stock price increased five times in 2023 as the price of virtual currencies recovered from the FTX bankruptcy, significantly exceeding the price of Bitcoin by 2.5 times.

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In addition to important news about virtual currencies, you can also see at a glance exchange information such as the dollar yen and price movements of crypto asset-related stocks in the stock market such as Coinbase.

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https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

— CoinPost (virtual currency media) (@coin_post) December 21, 2023

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