Coinbase shares rose as much as 11% amid confirmation that trading giant Cboe would rely on the crypto exchange to surveil market manipulation for proposed exchange-traded funds to be listed on its venue.
Shares were up 9.9% to $89.25 at 1:11 p.m. in New York, according to TradingView.
Tuesday's rally adds to gains clocked in by the crypto exchange since the beginning of the year, which ratcheted up after BlackRock announced it would file for a spot bitcoin ETF. The firm's stock is up 144% since the beginning of the year.
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