Market rally ‘no guarantee’ of success for publicly listed crypto firms

Cryptocurrency

Shares in Coinbase and MicroStrategy have rallied since the start of the year amid growing institutional interest in crypto, but it isn’t all smooth sailing

By Bilal Jafar

Coinbase, one of the few publicly traded crypto stocks, is in for a bumpy ride Photo: Michael Nagle/Bloomberg/Getty Images

The crypto market is booming, and so are the stocks of publicly listed crypto firms like Coinbase, MicroStrategy and Galaxy Digital.

But industry leaders say the rally won’t necessarily boost the crypto heavyweights’ fortunes.

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