After the U.S. federal government reached a $4.3 billion settlement with Binance on Tuesday, another exchange looks to return as crypto’s king: Coinbase.
Shares of the U.S.-based exchange are up approximately 18% from the previous week, from around $100 to approximately $118 as of Monday morning. “We've had a moment recently, with the enforcement action against Binance, that's allowing us to turn the page on that and hopefully close that chapter of crypto’s history,” Brian Armstrong, CEO of Coinbase, said in an interview with CNBC in London.
