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Coinbase Global Share Price Surges Amid Regulatory Gains and New Tokenization Hub

Guavy AI Editorial Team
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Coinbase Global (COIN) has seen its share price rebound sharply in recent days, rising by 7.58% in one day and 16.08% over the past seven days.

The company's stock price has been boosted by several factors, including regulatory progress around the CLARITY Act and new product launches.

Additionally, Coinbase Global has received a Financial Services Permission from Abu Dhabi's FSRA to build an international tokenization hub in the Abu Dhabi Global Market, targeting fully backed tokenized securities.

A narrative on Simply Wall St suggests that Coinbase Global is undervalued by around 30.3% at its current share price of $172.35, with a fair value estimated at $247.39.

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