Coinbase Stock Soars in Crypto “Uptober” Rally – Will It Hit $500?
Coinbase stock surged above $380 in early October, up 45% year-to-date, as Bitcoin hit a record near $125,000 and U.S. Bitcoin ETFs saw record inflows. Coinbase reported Q3 revenue of $1.9 billion, up 58% from a year ago, with net income of $433 million, beating estimates. Shares jumped 3% after earnings. U.S. regulators dropped a lawsuit against Coinbase, and Congress passed crypto-friendly bills.