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Coinbase’s Nasdaq Listing Fuels Frenzy in Korean Crypto Stocks

From bnnbloomberg.ca

The upcoming Nasdaq listing of Coinbase Global Inc. has fueled a frenzy among Korea investors to pile into the nation’s cryptocurrency stocks, making a broker with a minority stake in a local crypto exchange the best-performing large stock year-to-date. Hanwha Investment & Securities Co. has gained more than 210% so far this year, the best performance among Kospi stocks with more than $1 billion in market value. The brokerage owns a 6.15% stake in Dunamu, which operates the leading South Korean crypto exchange Upbit, according to its regulatory filing in February. At least for now, Hanwha Investment appears to be ... (full story)

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