According to data from TheBlock, Coinbase’s market capitalization has experienced significant growth this year.
Coinbase has seen its stock rise over 213% since the beginning of the year and continues to climb, fueled by BlackRock’s unexpected filing for a Bitcoin ETF license.
Coinbase’s market capitalization has increased from over $7 billion at the beginning of the year to nearly $25 billion.
Following the US judge’s ruling that XRP is not a security, the entire market has experienced significant recovery, and Coinbase has also benefited from this declaration.