Coinbase Global, Inc. (COIN) is seeing a surge in trading volume, particularly noticeable at market open, as highlighted in various Reddit forums. This uptick in activity is speculated to be driven by traditional traders and funds utilizing Coinbase and other exchanges. Despite the lack of specific news catalysts, the discussions underscore the persistent interest in Coinbase's trading dynamics. Additionally, ongoing conversations on Reddit reveal user frustrations with Coinbase's customer service, especially concerning account verification issues, and highlight the need for caution against scams targeting its users.
The GraniteShares 2x Long Coinbase Daily ETF (CONL) has experienced a modest increase, rising 0.87% to $59.22 as of 7:20 AM on Tuesday, December 17.