A big worry is that the company hasn't said what it will do with the money from selling stablecoins.
Coin Stock Premarket
Coin Stock Premarket latest news, images, analysis about Coinbase Global, Inc. Class A Common Stock (COIN) Pre-Market Stock Quotes - Nasdaq offers pre-market quotes and pre-market activity data for US and global markets.
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According to reports, 'endogenously collateralized stablecoins,' which rely on the value of an attached cryptocurrency from the same inventor to maintain a stable price, will be covered by the definition of the bill.
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On Monday, Senator Andrew Bragg unveiled a draft bill that would control cryptocurrency exchanges, stablecoins, and the virtual currency known as the yuan.
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FAQs for Coin Stock Premarket
What is Coinbase's pre-market and after-hours market?
Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a tra Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET).
What time can I trade in the pre-market and after-hours market?
Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET). Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may offer less liquidity and inferior prices. Stock prices may also move more quickly in this environment.
Will Coinbase's stock reverse its primary downtrend?
Since our previous article on Coinbase, the price of shares has drifted to new lows before staging a rebound. Currently, the price hovers around 35.6$, which is down more than 91% from its all-time high value in 2021. With many structural problems in the cryptocurrency market, we doubt the stock will reverse the primary downtrend anytime soon.
Is stablecoin in a battle with tether for market share?
The stablecoin is in a heated battle with tether for market share as recent crypto woes erode trust. The U.S. Supreme Court on Friday agreed to hear cryptocurrency exchange Coinbase Global Inc's bid to halt lawsuits the company contends belong in private arbitration, including one by a user suing after a scammer stole from his account.
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