Investors who have plugged money into cryptocurrency-related companies—some of which are considered proxies for Bitcoin and other top assets—are having a field day with many of the top stocks surging following Donald Trump’s projected win of a second term in the White House.

The Nasdaq-listed Coinbase (COIN), which is America’s biggest crypto exchange, is up over 31% so far today, trading for $255 per share.

The San Francisco-based exchange—which went public back in 2022—allows customers to buy and sell Bitcoin, Ethereum, and a number of other major coins and tokens and is a favorite for investors wanting overall exposure to the regulated crypto world.

Coinbase was also a major player in the election cycle, committing tens of millions of dollars to Fairshake, a super PAC that supported many pro-crypto Senate and House candidates—and notched some major wins, including with the Go to Source to See Full Article
Author: Mathew Di Salvo