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.
As cryptocurrency trading in India grows in popularity and attracts new investors daily, one of the main challenges that Indian traders face is converting crypto to INR without losses.
In a shocking turn of events, Japanese cryptocurrency exchange DMM Bitcoin has announced its closure after falling victim to one of the largest crypto hacks in recent memory.
