Coinbase surges after Cboe names crypto exchange in bitcoin ETF application

in et •  last year 

Coinbase surges after Cboe names crypto exchange in bitcoin ETF application

Shares of Coinbase (COIN.O), the largest U.S. cryptocurrency platform, jumped 13% on Monday after exchange operator Cboe (CBOE.Z) said it was working with the cypto company in its effort to launch a spot bitcoin exchange-traded fund.

Cboe on Friday refilled an application with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin exchange-traded fund by asset manager Fidelity. In that filing it named Coinbase as the crypto platform that would help the exchange police manipulation in the ETF.

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