Coinbase's Eventful Week: Surging Shares, Withdrawal Limit Rumors, and Delisting Cryptos

Shares of Coinbase surged 14% as optimism about a potential bitcoin spot ETF approval and a victory for Grayscale's Bitcoin Trust in federal appeals court lifted the stock. Coinbase CEO Brian Armstrong criticized the U.S. Securities and Exchange Commission (SEC) and expressed the company's interest in investing more outside of the U.S. The SEC's regulatory approach and jurisdictional disputes have impacted the share prices of crypto-exposed companies. Coinbase is due to make a final filing in its motion to appeal the SEC's claims.