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Why Coinbase Stock Crashed Today

·2 min read
Why Coinbase Stock Crashed Today
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Shares of Coinbase Global (NASDAQ: COIN) sank 8% on Wednesday after the digital-asset trading platform's third-quarter results fell short of investors' expectations. Coinbase's net revenue decreased by 41% sequentially to $1.3 billion. Coinbase's stock price fell sharply on Wednesday.