Exchanges· ★★★· neutral·

Coinbase shares rebound 4% after CLARITY Act failure and SEC tokenization exemption

  • —COIN fell 4.42% on Wednesday to $164.51 after a 10% drop on Tuesday
  • —On Thursday the stock rebounded about 4% as bitcoin rose above $76,000
  • —The SEC granted a five-year exemption for tokenized stocks on blockchain
  • —Weekly tokenized stock trading volume approached $3 billion
Why it matters: Tokenized stocks could become a new growth source for Coinbase, but fee pressure and regulatory uncertainty remain risks.
#BTC
Source: Coinpaper
More on this
Markets · 03:45
Bitcoin at $86,907 as hourly RSI hits 88, flashing correction risk
 Markets · 03:39
Bitcoin could test $90,000 after short squeeze, but traders warn leverage is building
 Markets · 03:34
Bitcoin Taps $87K, Triggering Over $1 Billion in Liquidations