The major cryptocurrency exchange Coinbase (NASDAQ: COIN) is a global prime broker platform for digital assets used by more than 13,000 institutional investors. The company trades on the NASDAQ under the ticker COIN and Coinbase’s market capitalization currently sits at $20 billion.
Coinbase shares have fallen more than 60% since the beginning of the year. However, the stock regained strong upside momentum last week and bounced almost 50% after the company entered a partnership with BlackRock, the world’s largest asset manager on Thursday. The partnership allows BlackRock’s institutional investors to buy bitcoin via the cryptocurrency platform.
Check out the technical and earnings outlook here - https://gulfbrokers.com/en/coinbase-stock-jumps-50-last-week-focus-shifts-to-q2-earnings