Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ:MARA), Riot Blockchain Inc (NASDAQ:RIOT) and Coinbase Global, Inc. (NASDAQ:COIN) are all trading lower amid a drop in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Bitcoin is trading 2.4% lower at around $37,500 Wednesday morning.
Ethereum is trading 3.1% lower at around $2,670 Wednesday morning.
Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.
Marathon Digital is trading lower by 7.8% at $23.08 per share.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.
Riot Blockchain is trading lower by 6.4% at $15.62 per share.
Coinbase Global provides financial infrastructure and technology for the cryptoeconomy.
Coinbase is trading lower by 5% at $187.84 per share.
