Coinbase Global
trades like a side bet on
Bitcoin
Lately, though, shares of the crypto brokerage have added meme-stock volatility to the mix, taking cues from the likes of
GameStop
and
AMC Entertainment
Consider the frenetic trading surrounding Coinbase’s (ticker: COIN) earnings report on Aug. 9. Leading up to the report, the stock nearly doubled from lows around $50 in July, reaching $98 this past week. Along the way, the stock plunged 21% on July 26, only to roar back more than 80% in the ensuing days. After a retreat, the stock closed up 7.7%, at $90.49, on Friday.