Coinbase Soars as Rival Binance Admits Guilt, Pays Billions in Fines
- Coinbase shares hit 18-month high after rival Binance pleads guilty and pays $4.3B fine
- Coinbase share price up 256.5% YTD, but still down 65% from all-time high in Nov 2021
- Binance and founder CZ plead guilty to money laundering and sanctions violations
- CZ agreeing to step down as Binance CEO as part of settlement
- Coinbase poised to be custodian for 70% of pending US spot crypto ETFs