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Coinbase Stock Surges 12% on Brazil Expansion News

Coinbase stock is today up 12% after the cryptocurrency exchange announced its expansion to Brazil.

America’s biggest digital asset exchange said Tuesday that it would provide customers in the country with a platform that allows them to buy and sell crypto with Brazilian reais. Customers will also be able to withdraw reais from the exchange by using Brazilian instant payment platform Pix.

Its COIN stock $75.15 and peaked at $84.79 midday Tuesday. It has since settled at $83.99.

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