Coinbase Shares Take a Hit as CME Evaluates Spot Bitcoin Listing

Thursday, 16 May 2024, 18:37

Coinbase shares faced a significant slump, dropping by 9% following reports of CME's potential listing of spot Bitcoin on its platform. The stock's performance took a nosedive, positioning it as the second poorest performer amidst the crypto stock market on Thursday. This development could signal an upcoming shift in the dynamics of the cryptocurrency sector, sparking uncertainties among investors and industry stakeholders.
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Coinbase Shares Take a Hit as CME Evaluates Spot Bitcoin Listing

Impact on Coinbase Shares

The news of CME's consideration of listing spot Bitcoin has had detrimental effects on the performance of Coinbase shares.

Stock Performance

The stock was the second worst performing among crypto stocks on Thursday.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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