Coinbase plunges along with bitcoin and the rest of crypto
CNN
Bitcoin prices are tumbling. And so are shares of top cryptocurrency trading firm Coinbase Global.
Coinbase fell 2% Tuesday and is now trading at about $217 — not far from its all-time low and a far cry from its peak price of about $429.50. It's been just two months since Coinbase went public via a direct listing of its stock. Needless to say, the timing has been terrible. Coinbase shares are down more than 35% from the closing price on its first day of trading. Bitcoin has suffered a more than 50% drop during that time frame.
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