Coinbase Stock Soars on Perpetual Plans and Broader Market Rebound
Coinbase stock jumped 10.14% on September 3, coinciding with a broader recovery in Bitcoin and U.S. equities.
The rally came after Coinbase filed notices for regulated U.S. stock-perpetuals routes, which traders watched closely with a target of $235.
The exchange's derivatives units submitted registrations to the Securities and Exchange Commission on September 1, marking the first step in bringing single-stock perpetuals to U.S. customers.