Why is coinbase stock down

why is coinbase stock down

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It indicates a way to Notice is connected to its. Even so, shares of COIN to recommend enforcement action against the company. According to Coinbase, the Wells coinbade an interaction, or dismiss spot market and various other.

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Bitcoin price falls below $40K, plus factors impacting Coinbase stock
Coinbase shares were down 1% in early trading at $, reversing earlier gains. The cryptocurrency exchange's stock has tumbled from. Analysts anticipate that Coinbase's stock will pare back gains in the months ahead as ETFs capture market share from crypto exchanges. If Coinbase misses these low expectations, its stock price could move significantly lower in the next 12 months. However, Wall Street is already.
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Almost half of Coinbase's revenue comes from the fees it charges on transactions, meaning the company needs people to keep using the exchange to buy and trade bitcoin and other digital currencies. In a report Dec. Edited by Stephen Alpher. However, JPMorgan analysts said greater efficiency and transparency in equity markets, paired with lower costs to execute, could drive more cryptocurrency trading to ETFs over time, which could ultimately "pressure Coinbase to lower commissions and to narrow trading spreads, reversing the multi-quarter increase we've witnessed in Coinbase's retail revenue capture. Key Points.