Coinbase Global gained 2 percent as cryptocurrencies witnessed a recovery after a highly volatile session on Monday. Bitcoin, Ethereum and Solana faced massive selling pressure at higher levels.
Cathie Wood’s ARK Invest has made a notable move by purchasing approximately $2.2 million worth of Coinbase (COIN) stock, marking its first acquisition of the crypto exchange shares since September
As major fintech companies like Robinhood Markets and Revolut explore issuing their own stablecoins, the sector is poised for disruption amid tightening European regulations.
The world of cryptocurrency is poised for transformation, with experts like Robinhood CEO Vlad Tenev labeling it as an "infrastructure upgrade" for financial services.
Barclays Research has upgraded its outlook on Coinbase (COIN) and Robinhood (HOOD), citing improvements in their business models and financial standing.
