Coinbase Shares Jump as Bitcoin Hits 2023 High and Rival Binance Faces Legal Troubles
• Coinbase shares jumped as Bitcoin hit 2023 high of $38K and firm benefited from Binance legal issues • Data suggests Coinbase's bitcoin reserves grew recently while Binance's declined • Binance pleaded guilty to money laundering charges, agreed to $4.3B penalty, and CEO will step down • Analysts say Binance case may pave way for US regulators to approve Bitcoin ETF • Coinbase shares at highest level since April 2022 as Bitcoin traded above $38K