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Coinbase shares hit 18-month high after Binance charges

Published 11/27/2023, 06:53 PM
Updated 11/27/2023, 08:40 PM
COIN
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Crypto exchange Coinbase (NASDAQ:COIN) shares have hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States.

On Nov. 27, Coinbase closed at $119.77, its highest since May 5, 2022, when it closed at $114.25, according to TradingView data. It has seen little movement in after-hours trading.

Coinbase share price since May 2022. Source: TradingView
Coinbase is the custodian of 70% of the 19 spot crypto funds. Source: James Seyffart/X

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