Coinbase Stock Jumps on Self-Custody Reminder Amid Ongoing Bearish Pressure
Coinbase's stock price has surged 4.54% following a reminder from the exchange about self-custody wallet requirements for decentralized exchange (DEX) trading.
According to Coinbase, users must create a self-custody wallet prior to engaging in DEX trading and are subject to applicable Terms of Service. The DEX software is provided by Coinbase Bermuda Technologies Ltd., but the feature is not available in all locations and may incur fees.
The price of COIN has stabilized above its near-term support level but remains under medium- and long-term selling pressure, with momentum signals indicating bearish trends. Technical indicators such as MACD and RSI show persistent weakness, while intraday oversold indicators suggest ongoing seller dominance.