Coinbase Stock Skyrockets on Canadian Derivatives Launch

Coinbase Global, Inc.'s stock surged 10.32% after launching regulated crypto derivatives trading in Canada and expanding its infrastructure partnership with Webull.

The company's move to introduce regulated crypto derivatives trading in Canada gives eligible investors access to 23 futures contracts with up to 10x leverage.

Coinbase has also deepened its partnership with Webull, enabling Canadian clients to use additional crypto services through Coinbase's infrastructure.