Coinbase shares tumbled approximately 20% in early June following the Securities and Exchange Commission’s blockbuster lawsuits against Binance and then Coinbase.
But Coinbase stock has bounced back, rising some 35% after dropping to a low of about $51 on the day that the SEC sued the U.S.’s largest crypto exchange. As of Wednesday morning, shares were trading near $70, and the publicly traded company’s market capitalization has risen to about $16.4 billion.
