Coinbase Shares Lag Industry: What Investors Should Know
COINCoinbase(COIN) ZACKS·2024-09-10 01:55

Shares of Coinbase Global Inc (COIN) have lost 15.3% year to date against the industry’s increase of 7.2% and the Zacks S&P 500 composite’s increase of 13.2% in the said time frame.The performance of COIN largely depends on market volatility, which, in turn, impacts trading volume. The highly volatile crypto market experienced a downturn recently.  While Bitcoin, the largest cryptocurrency, lost nearly 4%, Ethereum, the second-largest cryptocurrency, lost about 6% at Friday’s close.The recent job report rel ...