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Why Shares of Coinbase, Silvergate Capital, and Bakkt Are Rising Today

Bram Berkowitz, The Motley Fool
·3-min read

Shares of the large crypto exchange Coinbase (NASDAQ: COIN) are trading roughly 17.4% higher as of 12:35 p.m. ET today. Shares of the crypto bank Silvergate Capital (NYSE: SI) are trading nearly 6% higher, and shares of Bakkt Holdings (NYSE: BKKT) are trading more than 7% higher after being up 17% earlier today. After a very difficult year for Coinbase amid a crypto winter, the company finally gave shareholders something to cheer about when it announced earlier today that it would be teaming up with BlackRock (NYSE: BLK), the largest asset manager in the world.

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