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Coinbase Stock Plunges as SEC Charges Crypto Exchange
linkweb3
2023-06-06
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Summary：Coinbase Global stock plunged in premarket trading on Tuesday after the U.S. Securities and Exchange Commission sued the cryptocurrency broker over years of alleged violations of securities rules. Shares in Coinbase shed 14% in the premarket after the news broke, a day after the SEC charged rival exchange Binance, Binance.U.S., and its founder with a number of securities charges.
Coinbase Global stock plunged in premarket trading on Tuesday after the U.S. Securities and Exchange Commission sued the cryptocurrency broker over years of alleged violations of securities rules. Shares in Coinbase shed 14% in the premarket after the news broke, a day after the SEC charged rival exchange Binance, Binance.U.S., and its founder with a number of securities charges.
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