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Is Coinbase Stock a Sell on the News That the SEC is Suing the Crypto Exchange?
Shares of Coinbase (COIN) have been on an absolute tear recently. The stock has more than doubled from its June lows, bringing COIN's year-to-date gain to a market-beating 156%. Despite this breakout price action, Coinbase stock still trades 79% below its April 2021 all-time high, and 22.6% beneath its 52-week high. chart Coinbase is the second largest cryptocurrency exchange globally, based on trading volumes. Like other trading platforms, Coinbase earns most of its sales from commissions and fees. Generally speaking, in a bull run for cryptocurrencies, trading volumes will be higher as investors grow more ... (full story)