Coinbase Gets Super Boost by Meme Traders

DATA

Shares of Coinbase reached $116, +40% in inter-day trading following partnership with BlackRock announcement that will allow its institutional clients to buy bitcoin.

Daily Trading Volume: achieved volume 53.7M, average 16.5M

Most notably the ticker COIN topped GameStop’s popularity in online forums

Thursday on Reddit’s WallStreetBets chat room, topping GameStop’s popularity in the online forum. Lookout short squeeze!

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