Wonder

COIN

Better

<div class="insidebitcoins">
 Coinbase’s shares have soared 381% this year, outperforming Bitcoin and tech giants including Nvidia as it is boosted by Binance’s legal troubles in the US and a re<a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a>nt crypto market.
 COIN stock reached $168 on Dec. 20, marking a 20-month high as it easily outstripped Bitcoin’s 160% gain and Nvidia’s 236% rise.
 <figure id="attachment_467251" aria-describedby="caption-attachment-467251" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-467251" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201067%20929'%3E%3C/svg%3E" alt="NASDAQ: COIN" width="1067" height="929" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp 1067w, https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp 300w, https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp 1024w, https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp 768w" data-lazy-sizes="(max-width: 1067px) 100vw, 1067px" data-lazy-src="https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp">
 <noscript><img decoding="async" class="size-full wp-image-467251" src="https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp" alt="NASDAQ: COIN" width="1067" height="929" srcset="https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp 1067w, https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp 300w, https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp 1024w, https://cdn.thebittimes.com/images/2023/12/21/552d02bc42fe0ac4b0ccfc33975dddf5.webp 768w" sizes="(max-width: 1067px) 100vw, 1067px">
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 <figcaption id="caption-attachment-467251" class="wp-caption-text">
 1 year timeline. NASDAQ: COIN
 </figcaption>
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 <h2 id="coinbase-gains-from-binance-s-pain">Coinbase Gains From Binance’s Pain</h2>
 Legal and regulatory troubles at Binance, the world’s biggest crypto exchange, helped boost Coinbase as Binance hemorrhaged market share.&nbsp;
 As the world’s largest cryptocurrency exchange, Binance has been facing regulatory scrutiny and a series of setbacks in the U.S., prompting many investors to flock to Coinbase as a more reliable alternative.
 Last month, the crypto exchange agreed a $4.3 billion settlement with the Department of Justice to settle criminal charges of money laundering and sanctions violations levelled against it. Zhao was fined $50 million and agreed to step down as CEO for three years.
 On Dec. 18 a US court approved a settlement deal between Binance and the Commodities Futures Trading Commission (CFTC) that involves a payment of $2.7 billion by the exchange and a $150 million fine for co-founder Changpeng Zhao (CZ).
 Coinbase shares also have been buoyed by a booming crypto market, which is up 121% so far this year, according to the S&amp;P Cryptocurrency Broad Digital Market Index.
 The expansion of PayPal integration in Germany and the UK has broadened the platform’s global reach, further contributing to its growth.
 <h2 id="span-style-font-weight-400-cathie-wood-s-ark-invest-sells-coin-span">Cathie Wood’s ARK Invest Sells COIN</h2>
 The <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> has occurred even as Cathie Wood’s ARK Invest takes profits on one of its core holdings. ARK sold COIN shares worth $24 million yesterday and has sold more than $174 million of the stock this year as it trims holdings seemingly with every high.&nbsp;
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 ⚡️ JUST IN: #Ark Invest has sold another $42,6M in #Coinbase shares taking its total in sold $COIN shares to over $150M 😮
 Wonder if Cathie Wood is buying more $BTC? Dont bet against it! pic.twitter.com/LhvXkW18Cl
 — Crypto Rand (@crypto_rand) December 14, 2023
 </blockquote>
 
 COIN is still 52% down from its November 2021 all-time high.
 <h2 id="span-style-font-weight-400-recent-news-span">Recent News</h2>
 <ul>
 <li style="font-weight: 400">Binance Alternatives – 10 Better Platforms</li>
 <li style="font-weight: 400">Binance To Pay $2.7 Billion In Settlement Deal With CFTC, CZ Fined $150 Million</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-soars-381-in-2023-on-binance-legal-woes-resurgent-crypto-market-tbt74410.html">https://thebittimes.com/coinbase-soars-381-in-2023-on-binance-legal-woes-resurgent-crypto-market-tbt74410.html</a>
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Coinbase Soars 381% In 2023 On Binance Legal Woes, Resurgent Crypto Market

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TheBitTimes

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