The post Coinbase Stock Soars 20% After Trump’s Pro-Crypto Win appeared first on Coinpedia Fintech News
After Donald Trump’s pro-crypto presidential win, Coinbase’s stock surged over 20%, breaking $300 for the first time since 2021. Many investors expect Trump’s administration to support the crypto industry, easing regulatory pressures from agencies like the SEC. Analyst Michael Miller from Morningstar highlighted this, noting Coinbase’s potential relief in its staking and other crypto services. CEO Brian Armstrong echoed optimism, calling the new Congress “the most pro-crypto” yet. Coinbase recently reported $1.2 billion in Q3 revenue and continued growth in its Base network, supporting its vision of onboarding a billion users.