Coinbase stock hits new all-time closing high, surging 40% over the past month

币界网报道:Coinbase Global (COIN) shares surged to a record high of $375.07, marking their highest close since the April 2021 IPO, with a 5.5% daily gain and a 40% monthly rally. The crypto exchange's market cap now stands at $89 billion, surpassing its previous November 2021 peak. The rally coincides with Circle Internet Financial's (CRCL) explosive 500% post-debut surge to $213.63, as the USDC issuer allocated over 60% of its reserve-generated revenue to Coinbase under their profit-sharing agreement. Analysts attribute Coinbase's momentum to its S&P 500 inclusion and Bernstein's bullish $510 price target, dubbing it the "Amazon of crypto financial services." USDC currently holds $61.45 billion in stablecoin market share.

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