Coinbase Stock Jumps 5.6% After Launching Tokenized Stocks

Coinbase Global, Inc.'s stock price rose by 5.68% to $189.03 after the company launched tokenized versions of leading U.S. stocks on its Base blockchain platform for eligible non-U.S. users.

The new feature enables 24/7 trading through institutional partners and is part of Coinbase's efforts to expand its product offerings.

Despite the short- and medium-term supportive structure, with momentum positive, the long-term upside is limited by overhead resistance near the MA-200.