Ripple’s Victory Hurt Coinbase the Most!

On July 13, an important preliminary ruling was made in the Ripple vs SEC case, resulting in a major loss for the SEC. The court ruled that XRP is not a security, leading to an incredible surge in its value. XRP has significantly impacted the cryptocurrency market and received numerous listing announcements. Coinbase, a leading cryptocurrency exchange, was among those to list XRP. However, this situation seems to have had a negative impact on Coinbase. COIN Shares Soared and Then Plummeted Following an incredible surge on Friday, Coinbase shares experienced a significant drop. Nevertheless, various financial institutions continue to raise the general price target for the exchange’s stock. According to TradingView data, COIN closed the week at $103.50, representing a 3.3% decrease. Despite this, Coinbase, which has seen an increase in its stock price since the beginning of the year, experienced an astonishing 20% surge on Thursday. Compared to the […] The post Ripple’s Victory Hurt Coinbase the Most! appeared first on COINTURK NEWS.