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Benzinga

Business

Henry Khederian

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Coinbase Is Diving Today

Coinbase Coinbase Global Inc Nasdaq US Federal Reserve Inflation

Shares of several banks and financial services companies, including Coinbase Global Inc (NASDAQ:COIN), are trading lower amid continued volatility as traders assess recent Fed policy changes and ongoing inflation concerns.

Traders and investors are also watching for Coinbase’s first-quarter earnings report, which is confirmed for Tuesday’s after-hours session. According to analyst consensus estimates, Coinbase is expected to report EPS of 17 cents on revenue of $1.48 billion.

See Also: Why Plug Power Stock Is Trading Lower

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 $72.49.

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