Coinbase Global Inc (COIN) is trading -10% lower at $60.66 today.

Coinbase Global Inc has been trading between a 52-week high of $368.9 and a 52-week low of $40.83. The stock has a market cap of $15.9 Billion.

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

Coinbase and SEC Gearing up for Showdown Over Security Listing
BeInCrypto 07-26-22

SEC investigates Coinbase, says it may have illegally sold unregistered securities
Engadget 07-26-22

Benzinga Before The Bell: Walmart''s Outlook Cut, Apple''s Self Driving Car Dreams, Coinbase''s SEC Investigation And Other Top Financial Stories Tuesday, July 26
Benzinga 07-26-22

SEC set to probe Coinbase again, this time for potentially selling securities
Bitcoin Ethereum News 07-26-22

SEC investigates Coinbase over crypto listings and securities concerns
City AM 07-26-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

VisualMod - 7 upvotes - source
>COINBASE SHARES DOWN 3.7% PREMARKET AFTER REPORT CO IS FACING U.S. SEC PROBE OVER SECURITIES $COIN ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-26 ^04:59:42 ^EDT-0400

AdditionalCompany947 - 7 upvotes - source
down like a shit coin. history shit right here

iop9 - 5 upvotes - source
surprised pikachu face >$COIN Coinbase Faces SEC Probe Over Cryptocurrency Listings https://twitter.com/LiveSquawk/status/1551729608135000064

Designer-Disk3140 - 4 upvotes - source
Made 4K on Coin Puts. Will roll the profits into QQQ puts.

UB007 - 4 upvotes - source
COIN has been around longest, was (and still is) the most profitable out of any of them. Last year they were generating $4.9 million revenue per employee. If there’s any large crypto company that’ll make it alive from this crypto bears market, my money is on them

cheaptissueburlap - 3 upvotes - source
Flip a coin and then pick a direction slightly otm and 1dte on tqqq Tale profit at +45% Thank me later(or hate me)

Tyroneenglish - 3 upvotes - source
Some guy has 3 million on COIN puts after earnings…

LightBoyRick69 - 3 upvotes - source
COIN and HOOD can give fucks about fucking its' customers and shareholders over

wincrypton - 2 upvotes - source
Looking back all the way to last week when BTC was where it is now and MSTR and COIN were each 30% lower. Is it "diamond hands" not shaking out, a hope that the drawdown is the exception and the rebound is upon us or the general trend of elevator up, stairs down? What typically causes a wide-scale repricing down? If JPow does the expected 75 bps hike, I can't imagine the market going down. Any ideas for what would save my puts? Basically need Elon to reveal he was two people in a fat suit and that they're separating to save my TSLA and Saylor to get indicted for accounting fraud again to save my MSTR.

Unlead3dWombat - 2 upvotes - source
My COIN 40p Sep is tingling.