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Shares of cryptocurrency exchange Coinbase surged more than 20% on November 11, pushing the stock above $300 for the first time since 2021. According to Cointelegraph Research, U.S. crypto stocks have seen a significant rally since Donald Trump won the presidential election, as many say his victory will be good for the industry. "We see Coinbase as a beneficiary of the election results," Morningstar equity researcher Michael Miller said in November.Because the company is dealing with regulatory pressure from the Securities and Exchange Commission and the company is actively fighting the agency in court. On October 30, Coinbase reported revenue of $1.2 billion in the third quarter of 2024 and a profit of $75 million. Another cryptocurrency trading company, Galaxy Digital, recorded its biggest trading day of the year on November 5 as Trump's victory boosted interest in cryptocurrencies.