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Benzinga

Business

Henry Khederian

What's Going On With Bitcoin- And Ethereum-Related Stock Coinbase?

Coinbase Bitcoin Coinbase Global Inc Nasdaq

Coinbase Global Inc (NASDAQ:COIN) shares are trading higher by 3.48% at $55.59 after the company reported first-quarter results on Wednesday. The stock has been volatile following the report, initially falling late Wednesday.

A heavy sell-off in the broader cryptocurrency sector has also added to selling pressure in Coinbase shares. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are lower by 20.45% to $29,500 and lower by 27.42% to $2,000 over the trailing week, respectively.

See Also: Why Disney Shares Are Sliding Today

Coinbase is the leading cryptocurrency exchange platform in the United States.

According to data from Benzinga Pro, Coinbase has a 52-week high of $368.90 and a 52-week low of $40.83.

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