Coinbase Earnings Reveal Large Loss, Sink Stock – Barrons

Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss.

Coinbase shares fell 14% in after-hours trading on Tuesday, after dropping 12.6% ahead of the earnings report.

Coinbase stock is down 83% from an all-time high of $368.90 last November, when Bitcoin’s price also peaked at $67,802.30 per coin.

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