Coinbase shares surged 62% in November, their second-best month since going public

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  • The emergence of Bitcoin ETFs could be positive for Coinbase in the short term but harmful in the long term.
  • Coinbase has performed well this year, climbing over 250% in the first 11 months.
  • The rebound in Coinbase shares helps offset the losses from 2022.
  • The founder of FTX was convicted of fraud charges and the founder of Binance pleaded guilty to criminal charges.
  • Binance’s market share has fallen, indicating potential loss of industry grip due to regulatory pressure.
  • Customers withdrew over $1 billion from Binance following the announcement of a settlement with the Justice Department.