Coinbase Upgraded to Neutral Ahead of Earnings at JPMorgan as Shares Surge

Coinbase shares rose 6.5% to $170.80 in premarket trading. Other crypto-related stocks also rose as bitcoin, the world’s largest cryptocurrency, was trading around its recent highs of $52,400. MicroStrategy (MSTR) rose 3% and Marathon Digital (MARA) gained 3.5%.