Summary
- Coinbase's stock price recorded an all-time high since listing at $430.36.
- This rise in stock price was reported to be linked to the recovery in Bitcoin and Ethereum prices.
- BlockBeats reported that it reflects expectations for an expansion of institutional demand for virtual assets.
The stock price of the U.S. virtual asset (cryptocurrency) exchange Coinbase (Coinbase) hit an all-time high since its initial public offering (IPO).
According to the crypto-specialized media outlet BlockBeats, on the 18th (local time), the stock price of Coinbase was trading at $430.36 on the Nasdaq, up 4.95% from the previous trading day. This is the highest price recorded since its 2021 listing.
This surge is interpreted as a result of expectations for increased institutional demand for virtual assets, along with the recovery in the prices of Bitcoin and Ethereum.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
