Coinbase shares surge after bitcoin ETF euphoria helps return to profitability

A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights , opens new tab The stock was trading at $186.06, set to hit its highest this year if current levels hold and on course to add nearly $5 billion to the company's market value. Fervent investor interest in popular crypto tokens since the second half of 2023 on anticipation of the U.S. Securities and Exchange Commission's approval for spot bitcoin ETFs drove...