(Image: Twitter/coinbase)
The record of the American scholarships, with the S&P 500 ending the last Friday (27) at historical maximshad a little push coming directly from the world of cryptocurrency: to the actions from the Coinbase (coin) They jumped more than 43% in the index.
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According to Yahoo Finance, COIN shares accumulate up 42.01% in 2025, being negotiated US $ 352.55 around 12:50 pm this Monday (30).
In June alone, the actions of the cryptocurrency broker (exchange) They rose almost 43%, ending the best performance action in the month.
In addition, coin papers reached a new historical price record, slightly below $ 380 on Thursday (26).
The rally of actions was driven especially by the growing institutional demand and optimism in relation to the global regulatory advance United States.
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“Our institutional team is rocking,” wrote the CEO, Brian Armstronglast Saturday (28).
Coinbase, cryptocurrencies and institutional adoption
Eight of the ten largest publicly traded companies that hold Bitcoin (BTC) In their reservations they use COINBASE Prime to custody cryptocurrency wallets.
In addition, 81% of the US $ 140 billion in cryptors kept in scholarship funds (ETFSin the acronym in English) are stored in coinbase. But, according to Bernstein analysts, Wall Street It still does not seem to understand exactly the size of the importance of the broker.
The home of analysis has set a target price of US $ 510, implying a 45% appreciation compared to current levels of $ 350.
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In an investor note on Wednesday (26), the company called the coinbase of the “most misunderstood” company in the cryptocurrency market and predicted a shot of shares as soon as investors recognize their broader role as an infrastructure provider-not just a trading platform.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
