Coinbase drops 10% after earnings, heads for worst day in more than a year

The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background.Coinbase shares were under pressure Thursday, a day after the company reported weaker-than-expected earnings and gave a tepid revenue outlook for the current quarter.The stock lost 10.6%, putting it on pace for its biggest drop since June 2023, when it fell 12.1%. A broader market decline also pressured Coinbase. Other crypto-related stocks fell as well. Robinhood, which also reported weak earnings Wednes ...