Coinbase Stock Jumps on Earnings. People Are Interested in Crypto Again.

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Coinbase Stock Jumps on Earnings. People Are Interested in Crypto Again.

//business-finance.news-articles.net/content/202 .. nings-people-are-interested-in-crypto-again.html

Published in Business and Finance on Thursday, February 13th 2025 at 18:00 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Donald Trump's return to the White House helped the company to blow past analysts' expectations in the fourth quarter.

- Click to Lock Slider

The article from MSN discusses the recent surge in Coinbase Global Inc.'s stock price following the release of their quarterly earnings report. Coinbase reported a significant increase in trading volumes and a narrower-than-expected loss, signaling a renewed interest in cryptocurrencies. The company's CEO, Brian Armstrong, highlighted the growing institutional interest in crypto, particularly in light of regulatory advancements like the approval of spot Bitcoin ETFs. This positive earnings report, coupled with a broader market recovery in crypto assets, has led to a 10% jump in Coinbase's stock price in after-hours trading. The article also notes that despite previous challenges like regulatory scrutiny and market volatility, the crypto exchange platform is seeing a resurgence, driven by both retail and institutional investors.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/coinbase-stock-jumps-on-earnings-people-are-interested-in-crypto-again/ar-AA1yXjqt ]