Coinbase shares slide Tuesday as crypto play takes double-digit fall from July record
The Coinbase logo is reflected on a cellphone screen in London, England, on Nov. 9, 2021.
Leon Neal | Getty Images News | Getty Images
Coinbase shares slid on Tuesday after the company announced a $2 billion private offering of convertible senior notes.
Shares were last down more than 6%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined.
Coinbase shares over the past month
Coinbase is now off more than 30% from its all-time high of $444.65, reached on July 18. Shares popped in mid-July as legislators voted on a series of crypto-related bills, ending with President Donald Trump signing the GENIUS Act stablecoin legislation — the nation’s first-ever…
