Coinbase Stock Closes Over 9% After Cboe Spots Bitcoin ETF Partnership

Shares of Coinbase rose a significant 16% on Tuesday before settling up 9.87% following the announcement of a major surveillance exchange deal with Cboe’s BZX Exchange, marking a key development in the management of its security applications. Spot bitcoin ETF.
On Tuesday, July 11, shares of Coinbase (COIN) soared as much as 16% to hit a high of $92.15. This rise in the company’s stock price is primarily attributed to a landmark deal that the cryptocurrency exchange was able to secure with Cboe’s BZX Exchange. In particular, the contract focuses on sharing surveillance related to five bitcoin exchange-traded fund (ETF) applications.
The stock was worth $89.15, up 9.87%, when markets closed today.

The completion of the deal was recorded on June 21, according to reviews of initial filings filed with the US SEC. In early filings filed, the exchange hinted at its intention to consolidate a surveillance swap deal with Coinbase, a significant development for the digital currency industry.