Coinbase shares sink 11% after trading weakness hits quarterly profit
- Posted on August 1, 2025
- By Business News Today
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Coinbase shares sink 11% after trading weakness hits quarterly profit
Coinbase's stock is poised for a significant drop, potentially erasing nearly $11 billion in market value, following a report of decreased second-quarter adjusted profit attributed to slower trading activity. Analysts at Morningstar consider the shares overvalued, projecting excessive future growth expectations.
