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Coinbase Stock Is Tumbling Because No One Traded Cryptos Last Quarter
Coinbase Global stock was slumping after the company’s third-quarter earnings and revenue missed analysts’ expectations amid a slowdown in crypto trading in the third quarter.
Coinbase (ticker: COIN) revenue of $1.3 billion fell short of analysts’ expectations for $1.6 billion and its earnings per share of $1.62 were below estimates of $1.81.
The…