Coinbase and Block Both Had Great Results. Only One Stock Took Off.

Coinbase and Block Both Had Great Results. Only One Stock Took Off.

Coinbase Global and Block both issued blowout fourth-quarter results late Thursday after the market close, but their stocks have headed in opposite directions.

Coinbase (ticker: COIN) closed Friday down 1.5% at $176.83, while Block (SQ), formerly called Square, gained 26.1% to $119.82, its biggest one-day gains in at least three years.

Both…

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