Coinbase Global (COIN) is today’s FOMO stock. Alex Coffey and Jenny Horne discuss Coinbase Global (COIN) which is an American company that operates a cryptocurrency exchange platform. Jenny and Alex talk about President Joe Biden signing an executive order today that calls on the U.S. government to examine the risks and benefits of cryptocurrencies. On that news Bitcoin jumped along with Ethereum and Dogecoin. Coinbase Global was also up big on the news, jumping as much as 11.7% and currently trading 9.4% higher on the day. Jenny and Alex talk about the layer of risks around trading bitcoin and what today’s announcement could mean for the future of crypto. Finally, Alex and Jenny demonstrated an example trade using Coinbase Global (COIN).
11 Mar 2022