Shares of crypto-related stocks, including Marathon Digital Holdings Inc MARA, Riot Blockchain Inc RIOT and Coinbase Global, Inc. COIN are trading higher amid an increase in the price of Bitcoin BTC/USD and Ethereum ETH/USD.
Bitcoin is trading 1.2% higher at around $50,779 Friday morning.
Ethereum is trading 4.5% higher at around $3,983 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 5% at $44.33 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 2.9% at $37.02 per share.
Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy.
Coinbase is trading higher by 2.35% at $274.49 per share.
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