Coinbase News: Coinbase Global Inc (NASDAQ: COIN) has taken its fight against U.S. Securities and Exchange Commission (SEC) unclear crypto regulations to court. This move by Coinbase somehow created turbulence in the market. However, the enforced legal battle for regulatory clarity is turning out positively for the largest crypto exchange in the US.
Also Read: Coinbase Launches “Stand With Crypto” NFT After Going Against SEC
Coinbase price jumps amid legal battle
The price of Coinbase Global Inc (NASDAQ: COIN) registered a surprise increase of more than 4% in pre-market. COIN price saw a jump of 2.08 points before the market opened. This implies that the investors are positive about the recent action of the stock market. COIN price closed trading at $55.55 yesterday.
It is important to note that Coinbase (COIN) stock prices have fallen over the past 6 months. NASDAQ: COIN price is down nearly 25%, while registering an 11% drop in the past month. In the last 5 days, the price has dropped by about 13%. Read more Coinbase news here…
Also Read: XRP Holders And Ripple Face-Off In Court Today; What to expect?
COIN pre-market surge comes after the largest crypto exchange in the US filed a court order to ask SEC to give clear crypto rules. The exchange filed a regulatory petition with the commission in 2022. It sought answers to about 50 specific questions to provide “clarity and certainty” for the regulatory treatment of crypto assets.
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