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Coinbase Now Beats Nintendo, Dior and Siemens in Market Cap Growth
In a stunning turn of events, Coinbase has surpassed several well-established companies in terms of market capitalization growth. According to the latest data, the major U.S. crypto exchange has outperformed industry giants like Nintendo, Dior, and Siemens.
Coinbase’s impressive performance is primarily attributed to its association with Bitcoin. The cryptocurrency’s enormous surge from around $97,000 to highs above $122,000 in recent quarters has led to a significant increase in trading volumes and transaction fees for the exchange, ultimately restoring profitability and boosting investor confidence.
As of late, Coinbase’s market valuation has surpassed that of Nintendo, Dior, and Siemens. This milestone serves as a testament to the growing acceptance and adoption of cryptocurrencies, marking a notable shift in public opinion.
Source: u.today
