Trackinsight Enterprise, a unified platform for institutional ETF research, analytics, and compliance, is now live. Explore Trackinsight Enterprise →
Help us improve your experience. Please confirm your investor type:
Don’t Miss a Move in the ETF Market
Sign up and keep track of everything that moved the ETF industry this week. From new launches to regulatory shifts across the Atlantic.
Coinbase Shares in the Ascendancy
Thematic market recap for the week from November 20th to November 26th, 2023.
By Trackinsight
November 27, 2023
- Coinbase
- Binance
Advertisement
Coinbase Global (COIN) saw a remarkable uptick in its shares, climbing 16.65% over the week. The company appeared to benefit from the turbulence engulfing Binance, the world’s largest cryptocurrency exchange, as the latter grappled with legal woes. Earlier, Binance had pleaded guilty to breaking U.S. anti-money laundering laws as part of a whopping $4.3 billion settlement. Additionally, its renowned founder and CEO, Changpeng Zhao (CZ), confessed and declared intentions to step down.
Recent data highlights a substantial increase in Coinbase's Bitcoin reserves, contrasting with Binance's diminishing reserves. Analysts suggest that Binance's legal troubles might bolster Coinbase’s standing and potentially smooth the regulatory path for U.S. regulators to approve Bitcoin ETFs.
📊 Share your ETF outlook
From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey and get exclusive early access to the final report.
More articles
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
Privacy policy | Cookie policy | | Terms of use | Imprint
