What did Jim Cramer say about Coinbase and the SEC?

Jim Cramer was the target of ire on social media on Friday after crypto trader Coinbase’s stock shot up just a week after the CNBC finance guru warned of an SEC probe into the company. On July 26, Cramer tweeted: “The Coinbase roll over on a possible SEC investigation is very bad news given that we don’t even know what it’s about.

What is Coinbase Commerce?

Coinbase Commerce is an enterprise digital payment service offered by cryptocurrency exchange and wallet service Coinbase. The service allows you to accept payments in Bitcoin, Bitcoin Cash, DAI, Ethereum, Dogecoin, USD Coin, Litecoin, Tether USD, ApeCoin, and Shiba Inu.

What is the Coinbase memestock craze?

Reddit is the center of the memestock craze: Users on its infamous r/wallstreetbets subreddit drove up shares in stocks including GameStop in a show of buying power among retail traders. Now, cryptocurrency trading platform Coinbase is taking its roadshow to the social media site.

What is the Coinbase IPO?

The Coinbase (NASDAQ: COIN) IPO this afternoon is huge for the cryptocurrency world, bringing legitimacy and mainstream visibility in a big way. In essence, it is the marriage of cryptos and the traditional stock market. And in the world of traditional stock trading, Jim Cramer has a lot of sway.