Coinbase swings to surprise loss amid crypto exodus, but says traders are buying the dip
The crypto exchange's stock bounced off a two-year low as it looked to ease investor worries amid a sharp crypto selloff.
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Browse ArticlesThe crypto exchange's stock bounced off a two-year low as it looked to ease investor worries amid a sharp crypto selloff.
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Shares of COIN are down nearly 30% this year, with analysts warning that softer trading and crypto prices are likely to weigh on revenue.
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A rebound in the Coinbase Bitcoin Premium Index suggests U.S. buyers stepped in near recent lows, though it does not confirm a broader risk-on turn.