Coinbase shares fall as SEC usually takes crypto staking motion in opposition to Kraken

Coinbase shares fall as SEC usually takes crypto staking motion in opposition to Kraken


Critical Factors
  • Coinbase shares closed down 14% after an SEC action in opposition to rival exchange Kraken in connection with its staking plan.
  • Investors also reacted to opinions from CEO Brian Armstrong on the dangers of likely SEC motion versus crypto staking.
  • Coinbase shares have liked a significant rally calendar year-to-date, but continue being down for the working day, 7 days, and since Coinbase’s 2021 IPO.



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