Coinbase Global stock opened the trading session at $316.90 and touched an intraday high at $326.3. The stock was trading around $315 levels at the market close.
Markets turned bearish on cryptocurrency related stocks on Monday with Coinbase Global, Robinhood Markets, Marathon Holdings and MicroStrategy Incorporated facing selling pressure.
Robinhood Markets (NASDAQ: HOOD) is rapidly closing the gap with its competitor, Coinbase (NASDAQ: COIN), in the retail cryptocurrency trading space, as Bitcoin rallies toward $100,000.
Robinhood (NASDAQ:HOOD) has outlined an ambitious vision for the next decade during its investor day on December 4, emphasizing near-term product enhancements and long-term geographic expansion.
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.
