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Coinbase Shares Drop Almost 5% On Wednesday

Coinbase Global, the cryptocurrency trading platform, closed today's session 4.90% lower at $172.89, ahead of its next quarterly results, which are due on the 29th of October.

Coinbase Global (NASDAQ: COIN), the cryptocurrency trading platform, closed today at $172.89, down 4.90% on the session. The shares ended the day lower at that level, with the company’s next results due on the 29th of October.

Line chart of Coinbase Global daily closing price from mid-September to 14 October 2026
Coinbase daily closes from mid-September to the 14th of October.

How unusual this is

Coinbase’s previous large move came on the 16th of September, 19 sessions ago.

COIN.US

In the news

Coinbase plans to expand Coinbase Australia into share trading, derivatives and prediction markets, subject to approval from the regulator ASIC. The company has also expanded its tie-up with Citi on stablecoin payments, and published a technical post yesterday urging preparation for quantum attacks on bitcoin.

Asktraders News Team
Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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