Coinbase shares have been pummeled in the last year amid a crypto market meltdown and a series of brutal earnings reports. But things are looking up for the stock lately as Coinbase has ridden a recent market surge in crypto to notch some big gains.
On Monday, Coinbase shares hovered above $56, a 10% climb from last week and a nearly 60% increase in the year to date. The growth coincides with a jump in the price of Bitcoin, which is up nearly 40% this year.
