Published on 22 Apr 2024 on Motley Fool via Yahoo Finance
Since its advent a little more than a decade ago, the cryptocurrency space has been volatile. Strong bull runs give way to what are known as "crypto winters." But the ice has undeniably melted in recent months, with the overall market cap of the cryptocurrency space surging to more than $2.3 trillion in 2024.
As a top exchange for trading cryptocurrencies, Coinbase Global (NASDAQ: COIN) has been an obvious beneficiary. Shares are up more than 200% in the past year, and up more than 500% since the start of 2023.