After the IPO this one seems to have sold off and looks like it has now established an uptrend with defined support. Some risks involved in possible market regulation kept some investors at bay, but news yesterday from the Securities and Exchange Commission could bode well for companies like Coinbase in the future. Added some yesterday below $260 as part of a longer term portfolio. Last set of financial results looked very good with huge profit margins.
"The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter." -Bloomberg
"The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter." -Bloomberg