Coinbase Stock Surges Amid Market Share Stall and Regulatory Woes

Despite the withdrawal of Binance.US, Coinbase has surprisingly not managed to seize a larger slice of the American cryptocurrency market. A recent Kaiko report highlights Coinbase’s market share stagnation, hovering around 55% since May. In contrast, rivals like Kraken and LMAX Digital are swiftly claiming the space left open by Binance.US, with Bitstamp also marking an uptick in its U.S. presence amidst growing legal intricacies.