Coinbase Global is trading 5.2% down at $155.03 in after-hours trading as investors digest a ruling in a major customer class-action lawsuit involving unregistered securities.
- A U.S. federal judge dismissed the majority of claims in a lawsuit alleging the platform sold unregistered token securities, prompting a reassessment of the company's legal and regulatory risk.
- The after-hours drop follows a 2.18% gain during the regular session, where the stock closed at $163.58.
- The downward move appears company-specific, as Bitcoin and the broader markets have remained relatively firm during the same period.