[US Morning Briefing] Coinbase IPO Investors Record Profits for the First Time in 4 Years

Welcome to the US Cryptocurrency Morning Briefing. We'll provide a concise summary of today's important cryptocurrency developments.

Read while enjoying your coffee about how early investors escaped the water through patience and belief. Well-known cryptocurrency stocks are headlining, and early investors are finally seeing signs of life after a long wait.

Today's Cryptocurrency News: Coinbase IPO Investors Profit for the First Time Since 2021

The Coinbase exchange went public in 2021, with COIN stock making its debut in the public market as one of the largest IPOs.

After the $28 billion Coinbase IPO, COIN stock fell from its short-term high of $429.54 in April 2021 to $31.55 in January 2023, a 92.6% drop, with investors waiting for the break-even point.

After waiting for over 4 years, Coinbase IPO investors who endured long pain are finally seeing profits. On July 18, COIN price rose to an all-time high (ATH) of $444.65 before quickly adjusting. At the time of writing, Coinbase stock is trading at $428.75 in pre-market.

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