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Coinbase stock falls on lower crypto fees over third quarter
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fnlondon.comCoinbase Global plunged 13% from an all-time high on the afternoon of 9 November, after revealing a summer slowdown in cryptocurrency trading caused a sales slump.
Coinbase revenue fell in the third quarter by more than 40% from the previous three months, as cryptocurrency trading volumes. Coinbase, which offers a signature platform for trading crypto, felt the pain of users not trading to the same levels of previous months.
"The...
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