Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 470.00 |
Expiry date | 2022-08-19 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 19 |
Coinbase shares have soared almost 100% from a 52-week low after the crypto exchange announced a partnership with BlackRock.
The fortunes of Coinbase, the largest listed US cryptocurrency exchange, are inextricably tied to the price of bitcoin, the world’s largest cryptocurrency. It makes sense that a crash in crypto prices would leave Coinbase shares down by almost two-thirds since the start of the year. News that Coinbase has partnered with BlackRock — an asset manager with more than $8tn in assets — has helped add more than a tenth to Coinbase’s equity value.
One bit of programming to start: school’s out for summer. This newsletter will be back for the autumn term on September 5. Larry Fink, chair and chief executive of BlackRock, seems to have changed his tune a bit since he uttered those words back in October 2017.