{"id":74417,"date":"2024-03-26T02:21:21","date_gmt":"2024-03-26T06:21:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=74417"},"modified":"2024-03-26T02:21:25","modified_gmt":"2024-03-26T06:21:25","slug":"coinbase-gains-on-crypto-halving-and-wall-street-support","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinbase-gains-on-crypto-halving-and-wall-street-support\/","title":{"rendered":"Coinbase Gains on Crypto Halving and Wall Street Support"},"content":{"rendered":"\n<p>Coinbase\u2019s share price ascends amid Bitcoin halving anticipation and strategic partnerships with Wall Street giants, positioning <a href=\"https:\/\/coinscreed.com\/staging\/coinbase-institutional-releases-bitcoin-halving-primer-for-investors.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">COIN<\/a> as a pivotal player in the crypto exchange market.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-1024x768.webp\" alt=\"Coinbase Gains on Crypto Halving and Wall Street Support\" class=\"wp-image-74424\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-1024x768.webp 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-300x225.webp 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-768x576.webp 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-1536x1152.webp 1536w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-2048x1536.webp 2048w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-1320x990.webp 1320w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-750x563.webp 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-1140x855.webp 1140w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Coinbase Global Inc. (COIN) has witnessed its stock price on an impressive rally, buoyed by the upcoming Bitcoin halving event and its deepening ties with institutional players on Wall Street. <\/p>\n\n\n\n<p>The company\u2019s role as the custodian for multiple spot Bitcoin ETFs has significantly enhanced its standing in both the crypto sector and traditional financial markets. <\/p>\n\n\n\n<p>Since August 2023, COIN\u2019s share price has been climbing, a trend that gained momentum following <a href=\"https:\/\/coinscreed.com\/staging\/sec-postpones-hashdex-grayscale-crypto-etfs-approval.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Grayscale\u2019s legal victory<\/a> over the SEC\u2014a precursor to the regulator\u2019s approval of several spot Bitcoin ETFs. <\/p>\n\n\n\n<p>The stock\u2019s trajectory saw a remarkable 266% increase since November, with the price reaching a <a href=\"https:\/\/coinmarketcap.com\/currencies\/coin-on-base\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">local peak<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> of $283.48.\u00a0<\/p>\n\n\n\n<p>Analysts are eyeing the $300 mark as the next resistance level for COIN, with the potential to set new record highs above $429 in the near future.&nbsp;<\/p>\n\n\n\n<p>Three key developments are propelling this bullish outlook:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Custodial Leadership:<\/strong>\u00a0Coinbase\u2019s custodianship for eight institutions offering spot Bitcoin ETFs underscores its influence and trustworthiness in the marketplace.<\/li>\n\n\n\n<li><strong>Bitcoin Halving Catalyst:<\/strong>&nbsp;With the Bitcoin halving event on the horizon, there is a historical pattern of crypto-related stocks, including COIN, mirroring Bitcoin\u2019s price movements. A post-halving surge in Bitcoin\u2019s value could further fuel COIN\u2019s ascent.<\/li>\n\n\n\n<li><strong>Strategic Partnerships:<\/strong>&nbsp;Coinbase\u2019s recent selection as the infrastructure provider for BlackRock and Securitize\u2019s tokenized investment fund, BUIDL, on the Ethereum blockchain positions it at the forefront of capital market innovation.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>The tokenization of real-world assets is poised to revolutionize capital markets, and Coinbase is actively contributing to this transformative vision. <\/p>\n\n\n\n<p>As the crypto and financial worlds converge, COIN\u2019s stock surge is a testament to the company\u2019s strategic positioning and the market\u2019s optimistic outlook.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">We are excited to announce that Coinbase has been chosen as a key infrastructure provider for <a href=\"https:\/\/twitter.com\/BlackRock?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@BlackRock<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> and <a href=\"https:\/\/twitter.com\/Securitize?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Securitize<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> Tokenized Investment Fund.<\/p>&mdash; Coinbase Institutional \ud83d\udee1\ufe0f (@CoinbaseInsto) <a href=\"https:\/\/twitter.com\/CoinbaseInsto\/status\/1770600966703947996?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 20, 2024<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase\u2019s share price ascends amid Bitcoin halving anticipation and strategic partnerships with Wall Street giants, positioning COIN as a pivotal player in the crypto exchange market. Coinbase Global Inc. (COIN) has witnessed its stock price on an impressive rally, buoyed by the upcoming Bitcoin halving event and its deepening ties with institutional players on Wall [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":74424,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[10580,12097,985],"class_list":["post-74417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-bitcoin-halving","tag-coinbase-coin-2","tag-partnership"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/coinbase_-scaled.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=74417"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/74424"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=74417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=74417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=74417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}