The GraniteShares 2x Long Coinbase Daily ETF (CONL) surged 8.39% to close at $45.08 on December 24, driven by a 3.96% rise in Coinbase Global, Inc. (COIN) shares, which reached $278.76. The uptick in Coinbase's stock is largely attributed to a significant increase in trading volume on its international platform, which saw a 124% rise to $119 billion last week. This surge in trading activity, particularly in perpetual futures, has bolstered investor confidence in Coinbase's revenue potential. Additionally, the post-election pro-crypto sentiment has continued to buoy the market, with Coinbase's CEO, Brian Armstrong, benefiting from strategic stock sales following the election results. Analysts have also been revising their price targets for Coinbase, with Barclays raising its objective to $355, reflecting optimism about the company's future performance.