Coinbase shares are trading higher. The US Supreme Court ruled for the company in its bid to halt court proceedings as the company seeks to move customer litigation into arbitration.
Portfolio Pulse from Bill Haddad
Coinbase shares are trading higher after the US Supreme Court ruled in favor of the company's bid to halt court proceedings and move customer litigation into arbitration.
June 23, 2023 | 3:53 pm
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Coinbase shares are trading higher following the US Supreme Court's ruling in favor of the company's bid to halt court proceedings and move customer litigation into arbitration.
The US Supreme Court's ruling in favor of Coinbase's bid to halt court proceedings and move customer litigation into arbitration is a positive development for the company. This decision reduces legal uncertainty and potential costs, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100