Coinbase shares are trading higher after Cboe refiled Bitcoin ETF proposals and indicated it would with with the exchange to prevent market manipulation.
Portfolio Pulse from Benzinga Newsdesk
Coinbase shares are trading higher following the news that Cboe has refiled Bitcoin ETF proposals and plans to work with the exchange to prevent market manipulation.
July 03, 2023 | 3:25 pm
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POSITIVE IMPACT
Coinbase's stock price is likely to increase in the short term due to Cboe's refiling of Bitcoin ETF proposals and their commitment to work with the exchange to prevent market manipulation.
The news of Cboe refiling Bitcoin ETF proposals and their commitment to work with the exchange to prevent market manipulation is directly related to Coinbase's business. This is likely to increase investor confidence in the company, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100