The cryptocurrency trading platform is experiencing a mass slowdown.
Coinbase (COIN -4.26%) benefited from the strong popularity of cryptocurrencies at the onset of the pandemic. Now that the fad appears to be declining, Coinbase is in a world of trouble.
*Stock prices used were the afternoon prices of Feb. 21, 2023. The video was published on Feb. 23, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Coinbase Global. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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