Coinbase (Nasdaq: COIN) stock closed at roughly $148 on Friday, August 7, 2026, its most recent session; the U.S. stock market is closed over the weekend.

Shares are trading near the bottom of their 52-week range and remain far below the highs they set last year, as a broad crypto market downturn weighs on the largest U.S. exchange’s revenue outlook.

Coinbase Stock Price

Why is Coinbase stock moving?

The key company news came from the courts. On August 7, a federal judge in Michigan rejected Coinbase’s bid to block state enforcement of its planned sports event contracts, memorably calling the exchange’s legal argument “applesauce.”

Coinbase had argued that…