COIN Eyes $200 as Coinbase Stock Jumps 5% on CFTC Derivatives Win

Key Highlights Coinbase stock climbed about 5% on May 29, trading near $191 as investors reacted to a CFTC decision tied to its derivatives business. The CFTC said certain crypto perpetual contracts connected to Coinbase affiliate Deribit FZE may be categorized as foreign futures. COIN is attempting to recover above short-term support, but the stock still faces resistance near the $195–$200 range.

COIN Eyes $200 as Coinbase Stock Jumps 5% on CFTC Derivatives Win. Key Highlights Coinbase stock climbed about 5% on May 29, trading near $191 as investors reacted to a CFTC decision tied to its derivatives business. The CFTC said certain crypto perpetual contracts connected to Coinbase affiliate Deribit FZE may be categorized as foreign futures. COIN is attempting to recover above short-term support, but the stock still faces resistance near the $195–$200 range. Coinbase Global (COIN) shares jumped more than 5% on Friday after the U.S. Commodity Futures Trading Commission gave Coinbase Financial Markets a regulatory path to expand access to global crypto derivatives. COIN traded at $191.45 at 18:00 UTC, up $9.20 on the day, after opening at $180.23 and touching an intraday high of $191.75. Trading volume stood at about 6.61 million share...