News Snapshot:
There’s an enduring concept in the world of cryptocurrency investing called “the Coinbase effect.” The idea is that the price of cryptocurrencies that are going to be listed for sale on dominant crypto exchange Coinbase start rising in the days after the news becomes public. The phenomenon is no surprise. Coinbase is the U.S.’s biggest cryptocurrency exchange. Speculators can reasonably expect that enthusiasm for an up-and-coming digital coin will mount in the lead-up to a listing, when a widened audience of potential buyers and sellers will gain access to it. The effect is real. In a recent article analyzing the...
