Coinbase (NASDAQ: COIN) shares are soaring on Monday in light of the crypto-exchange company’s new license from Singapore’s Monetary Authority. According to a press release from Coinbase, the company won a Major Payment Institution (MPI) license in the country, allowing them to offer Digital Payment Token services to individuals and businesses.
Coinbase has its sights set on operations in Singapore, citing growing demand for crypto services there. A recent survey of residents there found that an astonishing 25% saw crypto as the future of finance. As of Monday morning, COIN stock is up 5.2%!
Another nascent victory for Coinbase, with the company gaining approval last month by the National Futures Association to sell cryptocurrency futures to retail investors. Intelligent Bio Solutions (NASDAQ: INBS), SmileDirectClub (NASDAQ: SDC) stock and Invitae (NYSE: NVTA) stock are all feeling the stock market jitters today – read on below to find out why.
Why Is Intelligent Bio Solutions (INBS) Stock Down 52% Today?
Why Is SmileDirectClub (SDC) Stock Down 54% Today?
Why Is Invitae (NVTA) Stock Up 28% Today?
Find out the answers to these burning investor stock market queries at the links provided, and get the scoop on the hottest stocks on Monday!
On the date of publication, Williams White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. </span
