Coinbase stock bounces after $100 million settlement deal with New York financial services regulator

Shares of Coinbase Global Inc. bounced 4.1% in morning trading Wednesday, after it was announced that the cryptocurrency exchange agreed to a $100 million...

Shares of Coinbase Global Inc.

bounced 4.1% in morning trading Wednesday, after it was announced that the cryptocurrency exchange agreed to a $100 million settlement with New York regulators regarding allegations that it failed to properly vet new customers. The stock had started 2023 with a 5.1% drop on Tuesday, after plunging 86.0% in 2022, compared with a 19.4% decline in the S&P 500 SPX last year.

bounced 4.1% in morning trading Wednesday, after it was announced that the cryptocurrency exchange agreed to a $100 million settlement with New York regulators regarding allegations that it failed to properly vet new customers. The stock had started 2023 with a 5.1% drop on Tuesday, after plunging 86.0% in 2022, compared with a 19.4% decline in the S&P 500 SPX last year.

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