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STOCK FUTURES JUMP, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Why Shares of Coinbase, Silvergate Capital, and Bakkt Are Rising Today

Bram Berkowitz, The Motley Fool
·3 min read

Shares of the large crypto exchange Coinbase (NASDAQ: COIN) are trading roughly 17.4% higher as of 12:35 p.m. ET today. Shares of the crypto bank Silvergate Capital (NYSE: SI) are trading nearly 6% higher, and shares of Bakkt Holdings (NYSE: BKKT) are trading more than 7% higher after being up 17% earlier today. After a very difficult year for Coinbase amid a crypto winter, the company finally gave shareholders something to cheer about when it announced earlier today that it would be teaming up with BlackRock (NYSE: BLK), the largest asset manager in the world.

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