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Coinbase fourth most traded stock in UK, data reveals

Published 13/06/2023, 11:44
© Reuters Coinbase fourth most traded stock in UK, data reveals
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Proactive Investors - Coinbase (NASDAQ:COIN), the crypto exchange that is in hot water with the US Securities and Exchange Commission (SEC), was the fourth most-traded share in the UK in the year to April 2023.

Data from trading services group Plus500 (LON:PLUSP) said Coinbase was traded more frequently in the UK than Meta, Apple (NASDAQ:AAPL) and electric vehicle manufacturer Rivian.

Tesla topped the list, with Amazon (NASDAQ:AMZN) in second and Chinese car manufacturer NIO in third.

Among the UK’s ten most traded shares, six of them are involved with technology and auto manufacturing.

Also making up the list is Snap in sixth place, pharma company Aurora in eighth and energy stock Uniper in tenth.

The UK also happens to be the only country that ranks Coinbase among its most traded stocks when compared to Australia, Germany, Italy and the Netherlands.

Coinbase, which is listed on the NASDAQ in the US, has seen its share price fall by roughly 55% in the year to 30 April 2023.

Read more on Proactive Investors UK

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