Coinbase, Robinhood Stocks Rise. Why They Can Shake Off Regulatory Setback.

In this article: HOOD

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Coinbase Global and Robinhood Markets stock were down slightly Friday after plunging in the previous session and moving out of step with Bitcoin’s recent rally. Coinbase shares fell 0.2% in premarket trading, after slumping 6.5% Thursday and Robinhood dropped 2.1% after a 7.8% drop. The recent sharp falls were tied to concerns over delays of the much-anticipated Digital Asset Market Clarity Act, as well as increasing dissatisfaction within the crypto industry regarding the latest draft of the bill.

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