Coinbase Stock Gained Almost 6% Last Week

Coinbase is making headlines again following the latest reports. Check out the new results that are just in.

Last week, Coinbase’s stock price saw a rise of almost 6%, with analysts’ average price target also slightly increasing, according to The Block Research.

Despite the US Securities and Exchange Commission’s lawsuit against the exchange operator, Coinbase traded up by 5.93% to end the week’s session at $55.59.

Since the SEC announced its suit on June 6, the stock has increased by over 7%.

In the meantime, the average price target for COIN saw a slight increase from $69.17 per share to $69.70 as of June 18, as one broker removed its sell rating coverage for the stock, leading to an elevation in the consensus coverage rating.

Check out more details about this in the original article. 

Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced its plans to integrate Bitkey, a self-custody wallet created by Block, the fintech company owned by Jack Dorsey.

The partnership is aimed at promoting the usage of self-custody wallets worldwide. Dorsey, who is a billionaire and co-founder as well as the former CEO of Twitter, has also shared the news of this collaboration online.

“Buy Bitcoin from an exchange and move it to a hardware key you control.”

According to the latest reports coming from the online publication the Daily Hodl, news of the partnership comes in the wake of Bitkey’s announcement to open applications for its beta program that will allow users to try the product before its public release.

Not too long ago, we also revealed the fact that selected beta customers will receive a free Bitkey hardware device, the company’s mobile app, and a set of recovery tools.

During a new interview with the Wall Street Journal, Armstrong details his dream regulatory structure for crypto in the United States. Check out our previous article in order to learn more details about this.