The recent rise in Bitcoin has had a positive impact on the shares of the largest US cryptocurrency exchange Coinbase (COIN).
The positive start of the cryptocurrency market, particularly Bitcoin, for the week and its steady progress has also benefited Coinbase shares.
While Bitcoin has shown a 6% increase since Monday, COIN closed Monday with a 9.4% rise. Despite the decline of US stocks on Monday, Coinbase shares exhibited a remarkable performance by rising. While the SP 500 experienced a 0.17% decrease, Nasdaq witnessed a 0.13% loss.
The shares of the largest US exchange, which have successfully reflected the gains in the cryptocurrency market, have seen a 63% increase since the beginning of the year.
