As more people become interested in investing in cryptocurrencies, the demand for platforms like Coinbase has increased. This has led to a surge in the company's stock price as investors see the potential for growth in the industry.

Institutional investors like hedge funds and asset managers have started to invest in cryptocurrencies, which has boosted the credibility and legitimacy of the industry. Coinbase has been able to attract these investors, which has contributed to its rising stock price.

Coinbase has expanded its services beyond the US market, which has helped to increase its user base and revenue. The company has also launched new products like Coinbase Pro and Coinbase Wallet, which have attracted more users and contributed to its growth.

As more businesses and individuals begin to accept cryptocurrencies as a form of payment, the demand for platforms like Coinbase has increased. This has led to a rise in the company's stock price as investors see the potential for growth in the industry.

Coinbase has reported strong financial results, with revenue and profits increasing significantly in recent years. This has helped to boost investor confidence in the company and contributed to its rising stock price.