Coinbase Global (COIN) benefits from reduced operating expenses and an enhanced product suite.
FTX has fallen and Binance just settled with the DOJ, leaving Coinbase as the winner of crypto's game of thrones.
Coinbase Global (NASDAQ: COIN), which owns one of the world's largest cryptocurrency exchanges, saw its stock close at an all-time high of $357.39 on Nov. 9, 2021. The bulls rushed to the stock as cryptocurrency prices soared and investors aggressively accumulated shares of growth and meme stocks. It plummeted about 70% as rising interest rates drove investors away from cryptocurrencies, meme stocks, and other speculative investments.