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Why Is Coinbase Stock Trading Lower in 2021?

Oct 13, 2021 - Nasdaq

Coinbase Global (NASDAQ: COIN) picked an auspicious day to go public earlier this year. The leading cryptocurrency trading exchange's market debut on April 14 coincided with what continues to be the all-time high for Bitcoin (CRYPTO: BTC).

It wasn't just Bitcoin hitting a high-water mark that day; Coinbase also peaked on its first day of trading. Hitting the market at a reference price of $250, the shares nearly fetched almost $430 before going on to give back all of those upticks in subse...