Key Crypto Exchange Struggles as Values Plunge

Key Crypto Exchange Struggles as Values Plunge

A beleaguered cryptocurrency exchange is facing more turmoil in the wake of a plunge in currency valuations.

Coinbase  (COIN)   shares have fallen by 75% amid weak earnings and lower trading volume this year.

The company’s shares are extremely volatile as its attempts to regain a foothold in the crypto industry remain murky. 

Shares closed negative 13 out of the last 15 days as of Sept. 6. The stock rebounded slightly by 8.7% amid a broad market upswing on Sept. 7.

Coinbase’s New Problem

Now, Coinbase is facing a new challenge as many investors have lost interest in owning or trading crypto such as bitcoin or ethereum. The trend appeared in Coinbase’s lower earnings and trading volume during the second quarter.

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