Coinbase shares are once again benefiting from Bitcoins strong rally, highlighting the close but imperfect relationship between COIN stock and the worlds largest cryptocurrency. Unlike Strategy (MSTR), Coinbase does not primarily gain Bitcoin exposure by holding large amounts of the cryptocurrency on its balance sheet. Instead, the crypto exchange generates much of its revenue from trading activity and transaction fees. As Bitcoin prices rise and investor activity increases, Coinbase can benefit from higher trading volumes. However, COIN stock does not move in lockstep with Bitcoin. Data from…
Source:: Coinbase Stock Outpaces Bitcoin as Crypto Rally Fuels Volatility