Shares of Coinbase climb Tuesday as the broader digital-asset complex attempts to rally following a listless weekend for crypto.
Shares of crypto broker Coinbase climbed Tuesday, even as the broader digital-asset complex was sluggish following a listless weekend’s trading for crypto.
At last check, Coinbase shares COIN, +2.00% were up by about 2% as the U.S.’s largest crypto platform said that it had forged an agreement with Apple Inc. AAPL, +0.15% and Google GOOG, +0.40% GOOGL, +0.64% mobile payment networks, whereby U.S. customers can now use its branded debit card in Google and Apple wallet applications for payments.
Coinbase said that it will automatically convert all cryptocurrency to U.S. dollars DXY, -0.25% and transfer the funds to a customer’s Coinbase cards for purchases and withdrawals, as well as provide rewards in crypto. The crypto platform, which went public in mid-April, kicked off its debit card in the U.S. during the fall of 2020, a debit Visa card. The company launched a debit card in Europe and the U.K. in 2019.“Mobile phone payments are growing steadily in the US, up 29% in 2020,” Coinbase wrote on its blog Tuesday.Meanwhile, the broader crypto market was mixed, with bitcoin BTCUSD, -1.31% changing hands at $36,133.75, down 2% on CoinDesk. Ether on the Ethereum blockchain ETHUSD, -0.
Traditional markets also were trading mixed, with the Dow Jones Industrial Average DJIA, +0.20% nursing a slight gain, while the Nasdaq Composite COMP, +0.02% S&P 500 SPX, +0.02% indexes were trading lower.
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