Why Coinbase Stock Jumped 43% Last Year
Coinbase(COIN) The Motley Fool·2025-01-11 06:17
Shares of cryptocurrency company Coinbase Global (COIN -0.47%) jumped 42.8% in 2024, according to data provided by S&P Global Market Intelligence. The cryptocurrency space came roaring back to life throughout the year. And given that Coinbase is a leading cryptocurrency infrastructure company, it's not surprising to see it enjoy big gains.The obvious catalyst for Coinbase were the big gains from Bitcoin (BTC 2.38%), the largest cryptocurrency in the world. Bitcoin's price increased by 119% last year. And wh ...