TipRanks
2022-10-11 17:16:47

The Big News That’s Sending Coinbase Stock (NASDAQ:COIN) Higher Today

Huge news landed for one of the biggest names in cryptocurrency, Coinbase (NASDAQ: COIN), sending the stock higher in today's trading session so far. The news that lit such a spark under Coinbase was simple enough: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stepped in. Specifically, Google announced that it would allow some of its customers to use cryptocurrency to pay for its line of cloud services. Such a service will start next year, and Google will use an integration with Coinbase Commerce to cover the receiving functions. Further, Google's connection to Coinbase will also expand from there. Google will turn to Coinbase's custody service, Coinbase Prime, for some functions.

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