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Coinbase’s SEC Kerfuffle Is Dragging Down COIN’s Price: Piper Sandler Analyst

Coinbase shares are down 4% in the third quarter, while bitcoin and ether prices have gained ~28% and ~43%, respectively.

Attendees line up for the Coinbase ferris wheel during the 2021 Made In America music festival in Philadelphia. (Kevin Mazur/Getty Images for Roc Nation)
Attendees line up for the Coinbase ferris wheel during the 2021 Made In America music festival in Philadelphia. (Kevin Mazur/Getty Images for Roc Nation)