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Coinbase Shares Drop as Crypto Winter Takes Toll on Exchange’s Trading Volume



Coinbase’s stock has plunged since its IPO last year as the crypto and equity market rout prompted a slowdown in retail trading, forcing the company to slash jobs and focus on controlling costs. Even amid the current crypto winter, though, Coinbase continues to press ahead toward its goal of being a one-stop shop for crypto trading. Last week, it announced a partnership that lets customers of BlackRock, which at $10 trillion is the world’s largest asset manager, trade crypto through Coinbase.



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