Coinbase Surges After Partnership with Google

Oct 11, 2022 By MarketDepth

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Coinbase (COIN:NYQ) rockets higher after announcing a deal with Google that will make them the cryptocurrency provider for them next year. Google announced they will start accepting crypto payments for cloud services starting next year.

Crypto payments will be allowed for clients in the Web3 space to start and then will roll out to a larger audience. This is big news for the crypto space that will be well received for traders.

Coinbase is up 6% intraday on the news but has been hammered 70% year-to-date.

“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.”

Thomas Kurian, CEO of Google Cloud