Coinbase Earnings Revealed a Large Loss. The Stock Is Sinking.

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

Coinbase shares were falling 15.5% in premarket trading Wednesday, 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…

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