Coinbase shares rose on April 10, 2026, tracking a broader cryptocurrency market rally. Bitcoin prices surged past the $72,000 mark during the session.
A two-week ceasefire between the United States and Iran spurred global risk-on sentiment. This geopolitical de-escalation triggered a wave of buying and liquidated substantial short positions.
Earlier in the week, Morgan Stanley named Coinbase as custodian for its Bitcoin Trust. Coinbase also launched a new Bitcoin-gold hybrid index with MarketVector.