Coinbase Global stock rises 1.32% amid stable crypto market and new stock trading offerings

Coinbase Global Inc (COIN) is trading up 1.32% at $242.45 following CEO Brian Armstrong's comments highlighting new stock offerings designed to bridge traditional and blockchain markets.

• The intraday gains track modest rises in major cryptocurrencies, with BTC up 0.26% and ETH up 0.46%, supporting exchange volumes.
• The positive sentiment is supported by broader market strength (NASDAQ up 0.24%) and positive crypto sentiment stemming from PBoC rate cuts.
• The current rise follows a sharp 6.48% drop in the previous trading session, which closed at $239.28.