Coinbase Global stock was climbing Monday as the price of Bitcoin continued to rise. A crypto frenzy shows little sign of stopping, boosting sentiment across the digital-asset space—and broker Coinbase could benefit from the trading activity.
The company’s core business remains its brokerage, where it collects transaction fees from buying and selling cryptos. This business tends to do particularly well during periods of volatility and bullish runs, when investors pile into tokens. While a notable amount of the current price action appears to be driven by inflows into spot Bitcoin exchange-traded funds , it is also likely that spot trading has picked up.
Source: News Formal (newsformal.com)
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