Coinbase stock approaches all-time high following 42% year-to-date gain

Shares of the crypto exchange are being fueled higher by rising Bitcoin prices, pro-industry regulation and steady revenue growth.

Coinbase Global (COIN) stock extended its rally on Wednesday, setting a fresh 52-week high and coming within range of its record closing price from November 2021, as the broader digital asset industry followed Bitcoin’s lead.

Shares of the crypto exchange rallied by as much as 7.1% Wednesday morning, reaching an intraday high of $369.25, according to Yahoo Finance data. COIN was last seen trading around $352 for a gain of 2%.

The stock has also rebounded 133% from its April low, which occurred during a broad market sell-off sparked by US President Donald Trump’s “Liberation Day” tariff announcement.

Read more