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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