Coinbase surges after Cboe names crypto exchange in bitcoin ETF application

Coinbase surges after Cboe names crypto exchange in bitcoin ETF application

Shares of Coinbase (COIN.O), the largest U.S. cryptocurrency platform, jumped 13% on Monday after exchange operator Cboe (CBOE.Z) said it was working with the cypto company in its effort to launch a spot bitcoin exchange-traded fund.

Cboe on Friday refilled an application with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin exchange-traded fund by asset manager Fidelity. In that filing it named Coinbase as the crypto platform that would help the exchange police manipulation in the ETF.