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Stock Market Today: The Dow Jones index rose Friday ahead of the April jobs report. Coinbase and Cloudflare dived on earnings.
(Bloomberg) -- Crypto exchange Coinbase Global Inc. said trading services had resumed after a significant outage left customers unable to transact on its platform for almost seven hours on Friday, rounding off a difficult week at the company.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Fires on Iranian Targets as Trump Demands Deal From TehranSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogDOJ Plans Intervention in Trump Supr
Coinbase Global (NASDAQ:COIN) executives emphasized continued product expansion and stablecoin momentum during the company’s Q1 2026 earnings call, even as softer crypto markets weighed on headline financial results. Co-founder and CEO Brian Armstrong said that while “the crypto market [was] down,”
The cryptocurrency exchange posted a loss of $394.1 million as a weak crypto market weighed on its top line.
Coinbase stock is showing elevated implied volatility with earnings due, making an iron condor trade one possible option.
The crypto exchange said it was laying off 700 employees as part of a restructuring effort to trim costs and streamline operations.
Investing.com -- Coinbase Global shares are trading over 4% higher in premarket trading on Tuesday after the cryptocurrency exchange announced a restructuring plan involving significant workforce cuts.
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