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Coinbase Shares Plunges after SEC Lawsuit
Cryptocurrencies and stocks of companies related to the industry continued to fall on Tuesday after the US securities regulator sued Coinbase, the largest cryptocurrency exchange in the country, for allegedly violating multiple federal securities' laws.Coinbase (COIN) stock, which counts Cathie Wood’s ARK Invest, The Vanguard Group, Fidelity, and BlackRock, among some of its top shareholders, plunged as low as 20% in pre-market trading on Tuesday before paring some of the losses, according to Tr...
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Posted: Jun 6 2023, 22:03
Author Name: financemagnates
Views: 081298