coindesk.com
Coinbase Global (COIN) shares opened the trading day Thursday up over 31% to $106 after the cryptocurrency exchange announced a new partnership with asset management giant ((BLK). Shares were then briefly halted for trading by the Nasdaq for volatility. They were recently trading up 20% to $97.36.
Coinbase stock has declined over 60% year-to-date with the onset of the cryptocurrency bear market. Shares dipped in late June as rival Binance.US launched zero-fee bitcoin trading. Coinbase recovered some losses earlier this week after Robinhood reported quarterly earnings results that included a sequential gain in crypto revenue.
The company is due to report second-quarter earnings after the close on Tuesday.