Coinbase shares fell as they missed analyst expectations
Online reported that Coinbase (NASDAQ: COIN) announced Thursday afternoon that its first-quarter revenue fell short of expectations, and its share price fell. Although the company's historic acquisition of Deribit, the world's largest cryptocurrency derivatives platform (a deal worth $2.9 billion, setting a record for the largest transaction in cryptocurrency history), and Bitcoin's recent breakthrough of the $100,000 mark, it failed to boost the exchange's share price. Shares on the exchange closed at $199.32 on Friday, down 1.5%, Yahoo Finance reported.
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