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Why Coinbase Shares Were On a Wild Ride Today

·1 min read

Shares of Coinbase Global (NASDAQ: COIN) were on nothing short of a wild ride today, falling as much as 8.4% in morning trading and rising to a gain of 3.8% at its afternoon peak. There was some early concern that an announced integration between Coinbase Wallet and the blockchain analytics tool Etherscan was getting pushback, but that reaction seemed to have been overdone because Etherscan is a commonly used tool on Ethereum. Critics argue that this integration exposes Coinbase to unnecessary hacking risks.