Open Now: The Global ETF Survey Take the Survey →
Coinbase Stocks Jump as Binance Pleads Guilty to Federal Charges of Money Laundering
Coinbase gains in Bitcoin reserves, potentially strengthening its position and influencing the Bitcoin ETF approval.
Keep up with what matters in ETFs
Get timely ETF insights, market trends, and top ideas straight to your inbox.
Your newsletter subscriptions with us are subject to ETF Central's Privacy Policy and Terms and Conditions.
Coinbase Global (COIN) witnessed a surge in its shares (+16.65% for the week) as the company appeared to benefit from the tumultuous legal tribulations faced by Binance, the world’s largest cryptocurrency exchange. Earlier in the week, Binance admitted to federal charges of money laundering, agreeing to a hefty penalty of $4.3 billion, with its founder and CEO, Changpeng Zhao - popularly known as CZ - acknowledging his guilt and announcing intentions to step down.
Recent trends indicate a significant surge in Coinbase's Bitcoin reserves, in stark contrast to the declining reserves noted at Binance. Analysts posit that the legal drama surrounding Binance may well strengthen Coinbase’s position, potentially clearing the path for the approval of a Bitcoin ETF by the U.S. regulator.
Get data on 14,000+ ETFs
Access Trackinsight's reliable and comprehensive data with 500M+ points on 14,000+ ETFs.
Blockchain ETFs exposed to Coinbase benefited from the Binance settlement.
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
Topics
See all
Mentioned ETFs
Further reading
Latest ETF News
See all ETF newsMoneyShow Chart of the Day 7/29/26: Now, THAT's What I Call Market Rotation!
MoneyShow Chart of the Day 7/16/26: Good News/Bad News on Inflation (and the Fed)
MoneyShow Chart of the Day 7/1/26: The H1 Scorecard – and What Comes Next
MoneyShow Chart of the Day 6/22/26: Are World Cup Videos Helping US Companies Clean Up?
Advantages of ETFs over Mutual Funds1/6
Lower Costs
In this guide, we'll explore the advantages of ETFs over mutual funds, giving you valuable insights into why ETFs have gained significant popularity among investors like yourself.
Leveraged ETFs: Unlocking the Potential for Amplified Returns1/6
Understanding Leveraged ETFs
Explore leveraged ETFs: potential for amplified returns & risks. 5 ETFs to consider across equities, commodities & fixed income.
What is a Leveraged ETF?1/6
Introducing Leveraged and Inverse ETFs
In this guide, we'll dive into the world of leveraged ETFs, exploring their definition, mechanics, potential risks, and rewards.
Recent educational content
ETF Trends
ETF Industry KPIs July 20, 2026
This week’s KPI data overview highlights key metrics and trends shaping the ETF landscape.
ETF Trends
ETF Industry KPIs July 13, 2026
This week’s KPI data overview highlights key metrics and trends shaping the ETF landscape.
First Look ETF
First Look ETF: Cash Deployment, Bond, and Hedged ETFs
In this season 6 episode of First Look ETF, Stephanie Stanton examines the latest ETF marketplace trends with NYSE and guests.
ETF Trends
ETF Industry KPIs July 6, 2026
This week’s KPI data overview highlights key metrics and trends shaping the ETF landscape.
Browse all educational columns
The ETF Industry Is Evolving Fast
From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey and get exclusive early access to the final report.
