Coinbase (COIN) Price Shoots Pre-Market Amid Uncertain Regulatory Battle
Crypto News: Coinbase Global Inc (NASDAQ: COIN) took the battle against U.S. Securities and Exchange Commission’s (SEC) unclear crypto regulations to the court. Coinbase’s this move somehow invited turbulence in the market. However, the forced legal battle to gain regulatory clarity is coming out positive for the U.S. biggest crypto exchange.
Also Read: Coinbase Launches “Stand With Crypto” NFT After Going Against SEC
Coinbase Price Jumps Amid Legal Battle
Coinbase Global Inc (NASDAQ: COIN) price registered a surprising surge of over 4% in the pre-market. COIN price saw a jump of 2.08 points before the market opens. This implies that the investors are positive about the recent action taken by the exchange. COIN price closed trading at $55.55 yesterday.
It is important to note that Coinbase (COIN) share prices have been on a decline over the past 6 months. NASDAQ: COIN price is down by almost 25%, while, it has registered a drop of 11% in the last 1 month. In the last 5 days, its price saw a drop of around 13%. Read More Crypto News Here…
Also Read: XRP Holders And Ripple Face-Off In Court Today; What To Expect?
COIN pre market surge comes after the U.S. biggest crypto exchange went on to request the court to ask SEC to provide clear crypto rules. The exchange filed a petition for rulemaking with the commission in 2022. It sought answers to around 50 specific questions in order to provide “clarity and certainty” for regulatory treatment of crypto assets.
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility
- U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy
- Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin
- Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
