Why Shares of Coinbase Are Rising Today

Bram Berkowitz, The Motley Fool
·2 min read
Why Shares of Coinbase Are Rising Today

Shares of the large U.S. crypto exchange Coinbase (NASDAQ: COIN) are trading roughly 5.5% higher as of 10:57 a.m. ET today after the company recently joined the Fortune 500 list and as the broader crypto market rises. Coinbase also became the first crypto company yesterday to join the Fortune 500 list, which is a list of the 500 largest companies in the U.S. ranked by revenue. Coinbase in fiscal year 2021 generated $7.8 billion of revenue to come in at number 437 on the list.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Toonik Tyme goes out with a bang

    he uncertain temperatures that led into the beginning of Toonik Tyme, Iqaluit’s spring celebrations, stabilized enough for the planning committee at 123!Go to run all the planned outdoor events on the sea ice for the second weekend of celebrations, April 12-14. Temperatures during the day ranged from -2 C to -10 C, and all contestants, observers, and supporters of the snowmobile and dog races were able to travel the ice with cars and equipment thanks to the efforts of Tom Fitzgerald, who cleared

  • Jeremy Clarkson hints there will be 'no happy ending' for Clarkson's Farm

    Jeremy Clarkson has confessed farming doesn't have "many happy endings" and it is "much harder" than it looks.

  • Ukrainian officials thank the US for its latest military aid to help stop Russia's onslaught

    Ukrainian officials on Wednesday expressed thanks for a fresh batch of U.S. military aid that threw Kyiv’s armed forces a lifeline in their more than two-year war with Russia, even though the vital new supplies aren’t expected to have an immediate impact on the battlefield. Ukrainian troops have faced acute shortages of shells and air defense systems as political quarrels in Washington held up the aid for months, allowing the Kremlin’s forces to edge forward in some parts of eastern Ukraine by sheer weight of troop numbers and firepower in what has largely become a war of attrition. The U.S. decision came as the Kremlin’s army extended its bombardment of the Kharkiv region and Ukrainian long-range drones struck more fuel and energy facilities inside Russia.

  • CPD: 1 dead after shooting at Roselawn apartment complex

    Police said the victim was shot in the face in the doorway of an apartment building. He was shot multiple times, CPD said.

  • Turner Prize 2024: Artist whose work features Ford Escort in a giant doily and Irn Bru among shortlist

    The shortlist for 2024's Turner Prize has been announced, with three of the four artists in the running for the prestigious £25,000 prize from London

  • New FAFSA rules opened up a 'grandparent loophole' that boosts 529 plans

    New FAFSA created the "grandparent loophole" allowing nonparents to use 529s to help pay for school without hurting a student's financial aid chances.

  • GLOBAL MARKETS-Shares jump on tech boost; fragile yen on intervention watch

    World stocks rose on Wednesday led by tech names as investors' focus shifts to earnings from U.S. megacap bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities. An after-hours surge in shares of electric vehicle maker Tesla, following its promise of new models, and upbeat earnings from some U.S. companies lifted sentiment, spurring a rally in tech stocks in Asia, where the sector rose 3.7% and Europe, where it gained 2.5%. Europe's broad STOXX 600 was 0.2% higher, as that rally in tech stocks - also helped by a 10% surge in wafer maker ASM International on raised revenue forecasts - met soft earnings from drugmaker Roche and luxury goods maker Kering, whose shares fell to their lowest since 2017.

  • Nick Robinson Has Launched A Less-Than-Subtle Attack On GB News

    The Today programme host has a few things to say about Nigel Farage and Jacob Rees-Mogg too.

  • Mauricio Pochettino calls on Chelsea owners to make ruthless decisions

    The Blues boss has questioned the club’s strategy for the first time

  • Police Rush 2-Year-Old Choking on Food to Hospital

    Police in the city of Cordoba, in northern Argentina, rushed a two-year-old to a hospital as he was choking on food, footage released on April 19 shows.According to the police, the incident occurred in the General Paz neighborhood, where the two-year-old “choked on food, obstructing his airway” while in daycare.The police said that the child was stable after being transported to a Children’s Hospital.Footage released by the Cordoba Police shows officers rushing to the scene and taking the child into the car, transporting him to the hospital. Credit: Cordoba Police via Storyful

  • Ceiling collapses during bathroom renovation

    This is the moment a plasterer helping renovate a room realizes its old ceiling was never fixed up properly and tells the homeowner it's about to come down in the UK on March 19. The man was uninjured.

  • Two horses on the loose in central London

    Two loose horses have been seen running around central London, one of which appeared to be covered in blood. The animals, wearing saddles and bridles, were seen running in the road near Aldwych on Wednesday morning.

  • 'She Said Yes': Timelapse Captures Couple's Engagement During Aurora

    A couple in Alberta, Canada, filmed themselves as they got engaged under the glow of an aurora on Sunday, April 21.Footage captured by photographer Siv Heang Tav shows a timelapse of an aurora in Red Rock Coulee, southeastern Alberta, Canada, in the early hours of Sunday, during which she and her partner get engaged.“She said yes,” Heang said. Credit: Siv Heang Tav via Storyful

  • Kyle Rittenhouse, deadly shooter, college speaker? A campus gun-rights tour sparks outrage

    Kyle Rittenhouse, acquitted after fatally shooting two men at a 2020 protest, is telling college students they need to arm themselves on campus.

  • Australian counter terrorism force arrests seven teenagers after Sydney bishop stabbing

    An Australian counter terrorism team arrested seven teenagers on Wednesday linked to a boy charged with a religiously-motivated terror attack on a Sydney bishop and questioned another five people. Police said a team of more than 400 police and security personnel were involved in the operation, which arrested associates of a 16-year-old boy charged with a terrorism offence for the knifing of Assyrian Bishop Mar Mari Emmanuel during a live-streamed church service on April 15. Police said they took the teens into custody because they posed an "unacceptable risk" to society.

  • Public sector pensions should be cut, says former head of civil service

    There should be “more pay less pension” in the public sector, the former head of the civil service has said.

  • Q1 2024 Freeport-McMoRan Inc Earnings Call

    Q1 2024 Freeport-McMoRan Inc Earnings Call

  • Donald Trump's supporters aren't flocking to his hush money trial. He's still campaigning from the courthouse

    Donald Trump's supporters aren't exactly flocking to New York City to protest his hush money trial.

  • Blood-soaked Household Cavalry horses loose in central London injuring people and hitting cars

    The horses are said to have become spooked during a training exercise with a soldier injured

  • Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko

    Conservative economists have long warned against raising the minimum wage. California just proved that 'greed works,' as Gordon Gekko said.