Coinbase shares fall as SEC takes crypto staking action against Kraken
Publishing timestamp: 2023-02-09 16:14:49
Summary
Coinbase shares closed down 14% after SEC action against rival exchange Kraken in connection with its staking program. CEO Brian Armstrong voiced concern on rumors that SEC was mulling new enforcement action against crypto staking. Coinbase shares have enjoyed significant rally year-to-date, but remain down for day, week, and since Coinbase's 2021 IPO.
Sentiment: NEGATIVE
Tickers: COIN,
Keywords: technology, fintech, business news, cryptocurrency, cryptocurrency exchanges, investment strategy, bitcoin, coinbase global inc,