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Coinbase Stock Soars on Perpetual Plans and Broader Market Rebound

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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.

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