Why Coinbase Stock Traded Higher Today

Why Coinbase Stock Traded Higher Today
·2 min read

Shares of cryptocurrency-exchange company Coinbase Global (NASDAQ: COIN) traded modestly higher on Tuesday after the company updated investors on its hiring plans. As of 10:15 a.m. ET, Coinbase stock was up 5%. Coinbase reported financial results for the first quarter of 2022 on May 10 and the report showed a slowdown in its business.