Coinbase shares rise as ‘ambitious expansion’ wins analyst praise

Coinbase (COIN) shares rose as much as 4.6% after the company outlined a roadmap that included equity trading, AI-powered tools, tokenization and stablecoin infrastructure in its end-of-year System Update. The stock rose to as high as 255.41inearlytradingThursdayandwaspricedrecentlyat255.41 in early trading Thursday and was priced recently at 249.48 after the Wednesday announcement. J.P. Morgan’s Kenneth Worthington said the event showed Coinbase expanding its reach by introducing more asset classes and tools to keep users engaged. He highlighted the ...