Coinbase News: Coinbase Global Inc (NASDAQ: COIN) took the battle against U.S. Securities and Exchange Commission’s (SEC) unclear crypto regulations to the court. Coinbase’s this move somehow invited turbulence in the market. However, the forced legal battle to gain regulatory clarity is coming out positive for the U.S. biggest crypto exchange.
Also Read: Coinbase Launches “Stand With Crypto” NFT After Going Against SEC
Coinbase Price Jumps Amid Legal Battle
Coinbase Global Inc (NASDAQ: COIN) price registered a surprising surge of over 4% in the pre-market. COIN price saw a jump of 2.08 points before the market opens. This implies that the investors are positive about the recent action taken by the exchange. COIN price closed trading at $55.55 yesterday.
It is important to note that Coinbase (COIN) share prices have been on a decline over the past 6 months. NASDAQ: COIN price is down by almost 25%, while, it has registered a drop of 11% in the last 1 month. In the last 5 days, its price saw a drop of around 13%. Read More Coinbase News Here…
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Source: https://coingape.com/coinbase-coin-shoots-pre-market-amid-sec-case-news/