Shares of Coinbase Global Inc. (NASDAQ:COIN) are trading higher Thursday morning, fueled by the dual catalysts of President Donald Trump’s White House crypto summit and a broad market rally led by rising Bitcoin (CRYPTO: BTC) prices.

Here’s what investors need to know.

Coinbase Global stock is charging ahead with explosive momentum. What’s driving COIN stock higher?

White House Executive Meeting Drives Sector Momentum

The primary catalyst lifting the digital asset exchange is a high-profile White House meeting held on Wednesday by President Donald Trump with top crypto executives, including Coinbase CEO Brian Armstrong.