The concept of crypto-related US stocks refers to the shares of companies listed on the US stock market that are related to cryptocurrencies and blockchain technology. These companies may focus on mining, blockchain development, cryptocurrency trading platforms, cryptocurrency payment solutions, and more. Investors often view these stocks as an indirect way to invest in the cryptocurrency market.
Currently, some well-known crypto-related US stocks include CME Group (which offers Bitcoin futures trading), MicroStrategy (which holds a large amount of Bitcoin reserves), Coinbase (the largest cryptocurrency exchange in the US), and Block Inc. (formerly Square, focused on cryptocurrency payments). Due to their close ties to the cryptocurrency market, the stock prices of these companies are often influenced by trends in the cryptocurrency market.
These types of stocks attract investors interested in the crypto market who are reluctant to hold cryptocurrencies directly, as they offer relatively lower risk and the opportunity to benefit from the widespread application of blockchain technology.