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Benzinga
Benzinga
Business
Melanie Schaffer

Why Coinbase Stock Could Break Above This Bearish Pattern Following Mastercard Partnership

Coinbase Global, Inc (NASDAQ:COIN) was trading higher on Wednesday morning, up 1.35% at $224.99, after closing Tuesday’s session down 3.49% lower amid market weakness in both the SPDR S&P 500 (NYSE:SPY) and the cryptocurrency sector.

On Tuesday, Coinbase and Mastercard Incorporated (NYSE:MA) announced a partnership that will allow Coinbase customers to use their Mastercard credit and debit cards to purchase non-fungible tokens on the crypto exchange’s upcoming NFT marketplace.

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