Yesterday there had been widespread fears about the release of quarterly report by Coinbase exchange. Indeed, there were fears that the crypto exchange had performed poorly in the second quarter of 2023, mainly due to problems with the SEC.
The speculation circulating was that the outlook was gloomy, so much so that the markets had punished the stock in recent days.
The decline of the Coinbase exchange because of the SEC
After mid-July, share price of Coinbase had risen to over $110, but starting on 20 July it had begun a descent that brought it down to yesterday’s $88.
Truth be told, even before the release of the quarterly data, it had recovered slightly, closing yesterday’s session at $90. All the concerns had probably already been priced in.
Moreover, it should not be forgotten that in June it had even fallen as low as $45, although by the end of the month it had already begun to rise again. Before mid-July it had already risen to $84, and with the publication of the
We współpracy z: https://en.cryptonomist.ch/2023/08/04/coinbase-exchange-does-well-despite-sec/
