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Coinbase Global shares succumb to crypto rout


Shares of Coinbase Global Inc. fell sharply amid Monday’s cryptocurrency malaise, with shares of the exchange threatening to close around their all-time low.

Coinbase stock was down 9.3% at $53.28 in recent trades; the stock’s closing low is $53.72, which it hit in May. Bitcoin has fallen to an 18-month low, and Ethereum, another popular digital currency, has lost more than a quarter of its value in recent trading.


Wj

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