The GraniteShares 2x Long Coinbase Daily ETF (CONL) surged 6.88% to close at $49.40 on January 30, 2025, as Coinbase Global Inc. (COIN) saw its stock rise by 2.91% to $299.46. The upward movement in Coinbase's stock was fueled by its expansion into Argentina, where it received regulatory approval to operate as a Virtual Asset Service Provider. This strategic move allows Coinbase to tap into Argentina's growing crypto market, where 5 million people already use cryptocurrency daily. The expansion is seen as a way to help Argentinians navigate financial instability and inflation, with Coinbase offering localized services and educational initiatives. Additionally, the broader cryptocurrency market is experiencing a bullish trend, with Bitcoin recently surpassing $100,000, which has increased investor interest in crypto-related stocks like Coinbase.