Coinbase Global (COIN) stock has now traded lower in six straight sessions as of Wednesday. The crypto exchange and platform business announced Wedne
The National Futures Association approved Coinbase’s crypto futures trading plans on WednesdaySupport for Coinbase stock comes at $76, about 4% below the current price.stock has now traded lower in six straight sessions as of Wednesday.
"Coinbase will now be the first crypto-native leader to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures, on an integrated trading solution for our verified customers," a company spokesperson said in a statement. “The global crypto derivatives market represents ~75% of crypto trading volume worldwide and is a critical trader access point,” Coinbase said in a statement. “The ability to trade using margin gives customers leverage and access to the crypto market with less upfront investment than traditional spot trading.”
In other news, filings from prominent hedge fund Coatue Management show it sold 637K class A shares of Coinbase during the second quarter.The Nasdaq is a stock exchange based in the US that started out life as an electronic stock quotation machine. At first, the Nasdaq only provided quotations for over-the-counter stocks but later it became an exchange too. By 1991, the Nasdaq had grown to account for 46% of the entire US securities’ market.
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