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Bitcoin has seen gains of more than 150% in 2023. Ethereum’s price rose by nearly 100%.
Many stocks and ETFs correlated to the crypto space saw even bigger returns.
Coinbase, MicroStrategy, miners, oh my
Coinbase’s stock price has risen roughly 420% in 2023 — as of 11 am ET Friday — despite the company’s ongoing legal battle with the US Securities and Exchange Commission.
The company’s subscription and services revenue — generated from stablecoins and custodial fees as well as blockchain rewards and interest income — topped its transaction revenue in the second and third quarters.
The results show the crypto exchange’s steps toward becoming more of a “crypto…
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