Coinbase Global, Inc. (COIN) vs Ethereum (ETH)
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Correlation Analysis
Insight
In February 2023, Coinbase introduced Base, an Ethereum Layer-2 network, enhancing its integration with the Ethereum ecosystem.
Historical Triggers
- February 2023:Announcement of Base by Coinbase.
Notes
- Coinbase's operations are closely tied to Ethereum's performance.
- The launch of Base signifies Coinbase's commitment to Ethereum's scalability.