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Coinbase Stock Keeps Falling – Is it a Sell Signal for Bitcoin?


Coinbase Stock Keeps Falling – Is it a Sell Signal for Bitcoin?
Last Updated: 18 May 2021
Despite what was a strong earnings performance for crypto exchange Coinbase (COIN) in its first report as a publicly-traded company, the stock hasn’t stopped falling since its direct listing.
In its Q1 2021 earnings report, the Bitcoin exchange revealed a total revenue of $1.8 billion, compared with $585 million in Q4 2020. In addition, Coinbase reported that its total trading volume stood at $335 billion, with institutional investors trading the most, at $215 billion. Retail investors contributed $120 billion in the first three months of the year.
Bitcoin is a Double-Edged Sword for Coinbase ....

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