Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA) Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global, Inc. (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Bitcoin is trading 8.8% higher at around $47,300 Friday morning.
Ethereum is trading 7.8% higher at around $3,230 Friday morning.
Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.
Marathon Digital is trading higher by 7.4% at $31.60 per share.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company’s portfolio consists of Verady, Tesspay, Coinsquare and others.
Riot Blockchain is trading higher by 6.5% at $27.40 per share.
Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy.
Coinbase is trading higher by 3.4% at $235.25 per share.
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