Aug 16, 2023

Shares of Coinbase are paring earlier gains, after starting the day roughly 4% higher.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. Coin bases stock is pairing gains after starting the day over 4% higher coin opens trading at 82 54 a share this morning as news hit that the crypto exchange can now list crypto futures in the United States. Nearly two years after applying for approval coin based financial markets received the from the National Futures Association. According to an announcement earlier today, the approval makes coin base the first crypto focused platform in the US to offer regulated and leveraged crypto futures alongside traditional spot trading Coinbase financial market. Ceo Andrew Sears said quote, offering us investors access to secure and regulated crypto futures is key to unlocking growth and enabling broader participation in the crypto economy, unquote. Coin shares are currently trading around $80 per share and have risen over 130% year to date. That's it for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.

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