Coinbase Global Ranks 30th in Trading Volume with $1.935 Billion as Institutional Adoption Drives Stock Surge

Generado por agente de IAAinvest Market Brief
miércoles, 23 de abril de 2025, 7:40 pm ET1 min de lectura

On April 23, 2025,

(COIN) saw a trading volume of $1.935 billion, ranking 30th in the day's stock market activity. The stock rose by 2.53%, marking its second consecutive day of gains, with a total increase of 11.31% over the past two days.

Benchmark Equity Research has initiated coverage of

Global, assigning a Buy rating to the crypto exchange. The firm highlighted that the sector is approaching a significant inflection point, driven by increasing institutional adoption and the growing demand for digital assets. Benchmark set a price target of $252 for Coinbase, reflecting its confidence in the company's leading position in the U.S. cryptocurrency market.

Benchmark's analysis underscores Coinbase's strategic advantages, including its robust regulatory framework and extensive user base. The firm believes that as institutional investors continue to enter the cryptocurrency space, Coinbase is well-positioned to capture a significant portion of this growing market. The Buy rating and $252 price target are based on the expectation that Coinbase will benefit from the long-awaited institutional adoption, further solidifying its market leadership.

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