Cryptocurrency exchange platform Coinbase Global posted an earnings report on Thursday night which beat analysts’ expectations and showed a huge rise in revenues year on year, but the share price initially dropped overnight in pre-market trading and moved five per cent lower soon after opening on Friday.
The Nasdaq-listed company has seen its share price rise 50 per cent over the past six months, sitting at $298 (£236) at the close of play before announcing their latest financial update.
