Why Coinbase Stock Popped Today

Shares of cryptocurrency trading platform Coinbase Global (NASDAQ: COIN) popped on Monday, after the company announced it was bolstering its board of directors with a top-tier CEO from another company. As of noon ET today, Coinbase stock was up 6%.

Tobias Lütke, CEO of Shopify (NYSE: SHOP), is joining Coinbase's board of directors, per an official blog post from the crypto exchange this morning. According to Lütke, Shopify and Coinbase share a common vision to bring Web 3.0, the next iteration of the internet, to life.

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Source Fool.com