Coinbase Shares Lag Industry: What Investors Should Know

Shares of Coinbase Global Inc (COIN) have lost 15.3% year to date against the industry's increase of 7.2% and the Zacks S&P 500 composite's increase of 13.2% in the said time frame. The performance of COIN largely depends on market volatility, which, in turn, impacts trading volume. The highly volatile crypto market experienced a downturn recently. While Bitcoin, the largest cryptocurrency, lost nearly 4%, Ethereum, the second-largest cryptocurrency, lost about 6% at Friday's close. The recent job report re ...