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Coinbase Q3 Financial Data Lower Than Expected, Stock Falls
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Coinbase's (COIN) third-quarter financial data revealed that the total net income and the earnings per share owned by shareholders were lower than what analysts had expected. The share price of the American cryptocurrency exchange platform listed on Nasdaq dropped to 13% on November 10.
According to Coinbase, a San Francisco-based digital asset trading platform's third-quarter financial report, their transaction revenue was $1.235 billion, far lower than analysts’ expectations of $1.614
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