New York, NY – Shares of cryptocurrency exchange platform Coinbase Global (Ticker: COIN) experienced a significant rally in today’s trading session on the Nasdaq Stock Market. As of 20:09 GMT+5:30, the COIN stock price climbed to 252.90 USD, a notable gain of +8.70 USD or +3.56% for the day.
This strong daily surge, with the 1-day performance summary showing +3.57%, builds on positive short-term momentum. Coinbase shares are up +2.21% over the past 5 days and an impressive +26.58% in the last month. However, this recent strength contrasts with a dip of -23.02% over six months and a slight year-to-date (YTD) decline of -1.38%. The one-year return for COIN is a modest +1.17%.
The previous closing price for Coinbase was 244.20 USD. The intraday COIN chart illustrates initial volatility followed by a clear upward trend. The all-time performance for Coinbase Global since its direct listing shows a decline of -33.61%.
As a leading platform for buying, selling, and storing various cryptocurrencies, Coinbase’s stock performance is often closely linked to the sentiment and price movements in the broader digital asset market. Today’s strong gain suggests renewed investor interest, possibly driven by positive developments in the crypto space, specific company news, or broader market optimism.
Frequently Asked Questions (FAQ) about Coinbase Global (COIN) Stock
Q1: What is the current stock price of Coinbase Global?
A: As of the latest update (today at 20:09 GMT+5:30), the stock price for Coinbase Global is 252.90 USD.
Q2: What is the stock ticker symbol for Coinbase Global?
A: The stock ticker symbol is COIN.
Q3: On which stock exchange is Coinbase Global (COIN) traded?
A: Coinbase Global (COIN) is traded on the Nasdaq Stock Market.
Q4: How has Coinbase’s stock (COIN) performed today?
A: As of 20:09 GMT+5:30, the stock has increased by +8.70 USD, which is a +3.56% gain. The 1-day performance summary shows +3.57%.
Q5: What is the recent and long-term performance of Coinbase stock?
A:
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1 Day: +3.57%
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5 Days: +2.21%
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1 Month: +26.58%
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6 Months: -23.02%
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Year to Date (YTD): -1.38%
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1 Year: +1.17%
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5 Years: Data not available (Coinbase IPO’d in April 2021, so less than 5 years of trading history).
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All Time: -33.61%
Q6: What was the previous closing price for Coinbase (COIN) stock?
A: The previous closing price was 244.20 USD.
Q7: What does Coinbase Global do?
A: Coinbase Global, Inc. operates a cryptocurrency exchange platform. It allows users to buy, sell, transfer, and store digital assets like Bitcoin, Ethereum, and many others. It also offers a range of other crypto-related services for retail and institutional customers.
Q8: Why is Coinbase’s stock showing strong recent gains (1-day, 1-month) but is down over 6 months and all-time?
A: The cryptocurrency market is known for its volatility, and Coinbase’s stock price often reflects this. Strong recent gains could be tied to positive sentiment in the crypto market, new product launches, or favorable regulatory news. The declines over 6 months and all-time reflect periods of broader crypto market downturns (“crypto winters”), regulatory uncertainties, or investor concerns about the company’s valuation since its direct listing.
Q9: Why is 5-year performance data missing for COIN?
A: Coinbase Global had its direct listing (went public) in April 2021. Therefore, it has not been trading for a full five years, which is why 5-year performance data isn’t available.
Q10: Where can I find more detailed chart information for COIN stock?
A: The image indicates options to view a “Full chart” or “See on Supercharts.” These buttons typically link to advanced financial charting platforms where you can conduct a more in-depth analysis of the COIN stock price, its correlation with cryptocurrency prices, and other relevant market data.
