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Coinbase (COIN) Price Shoots Pre-Market Amid Uncertain Regulatory Battle

Coinbase Global Inc (NASDAQ: COIN) price registered a surprising surge of over 4% in the pre-market. COIN is trading at $55.55.
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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

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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.

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Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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