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Coinbase (COIN) Price Tumbles After SEC Flags Potential Legal Probe

Coinbase Global Inc on March 22, 2023, got served with a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This suggests that the regulatory body is considering enforcement action against the crypto exchange. US SEC’s this action has led Coinbase shares (NASDAQ: COIN) price to decline in the after-hours trading.

According to the data, Coinbase share price (NASDAQ: COIN) dropped by 8.16% during the regular trading session and closed at the price of $77.14. However, COIN price have declined by 15.8% in the after hours trading to stand at $64.95. However, Coinbase stock has lost more than 57% of its value over the past year.

(By Ashish Kumar)

Coinbase tokenized stock FTX Coinbase tokenized stock FTX $87.77
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