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Coinbase Shares Jump Over 12% Following Settlement With New York Regulator

Coinbase shares soared following the exchange's $100 million settlement with a New York state financial regulator.

Coinbase shares rose 12.3% to $37.65 at 12:30 p.m. EST, according to Nasdaq data. The news of the settlement with the New York Department of Financial Services (NYDFS) buoyed the stock, which had plunged 5% yesterday.

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