On June 24, 2025, Coinbase stock (COIN) jumped over 12%, closing at 344.65 USD thanks to its newly secured MiCA license from Luxembourg. This certification marks Coinbase as the first U.S.-based exchange approved under EU regulations.
Cathie Wood’s Ark Invest purchased an additional 1,519 Coinbase shares, increasing their total investment to over 159 million USD. This investment indicates a strong institutional confidence which often encourages other investors.
U.S. President Trump’s ceasefire announcement between Israel and Iran also helped ease global market tensions, positively impacting cryptocurrency prices. Bitcoin surpassed 106,000 USD while Ethereum experienced a 15% increase.
Leave a Reply