Why Bitcoin-Related And Ethereum-Related Stocks Are Rising

Shares of crypto-related stocks, including Marathon Digital Holdings Inc MARA, Riot Blockchain Inc RIOT and Coinbase Global Inc COIN are trading higher Friday afternoon. Ethereum ETH/USD dipped Thursday and is up again on Friday.

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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 shares are trading higher by 9.8% at $56.48.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay and Coinsquare.

Riot Blockchain shares are trading higher by 8.7% at $36.57.

Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto-economy. 

Coinbase shares are trading higher by 4.2% at $337.19.