Following the U.S. Securities and Exchange Commission's (SEC) approval of Bitcoin spot Exchange-Traded Funds (ETFs) in January 2024 coupled with Bitcoin rally in February, the increasd capital inflow into Bitcoin has boosted the market value of $Coinbase (COIN.US)$, the second-largest cryptocurrency exchange globally, to new heights. This week, the market capitalization of $Coinbase (COIN.US)$ surpassed $50 billion ($49.318 billion today), exceeding that of the Hong Kong Stock Exchange (HKEX) and the German stock exchange, elevating $Coinbase (COIN.US)$ to the position of the fourth-largest listed exchange in the world.
By monta, bowen from moomoo news AU