Coinbase Global is trading at $169.66, down 4.19%, as crypto-market weakness weighs on shares.
- Bitcoin is down 3.32% and Ethereum 3.56% since the previous close; Coinbase and other crypto-related stocks retreated in early risk-off trading.
- Technology shares are under pressure amid AI-spending concerns and escalating Middle East tensions.
- Ireland’s central bank fined Coinbase Ireland €3.25 million over safeguarding and outsourcing breaches; available reporting does not establish that the fine directly caused the share move.