Shares of several banks and financial services companies, including Coinbase Global Inc (NASDAQ:COIN), are trading lower amid continued volatility as traders assess recent Fed policy changes and ongoing inflation concerns.
Traders and investors are also watching for Coinbase’s first-quarter earnings report, which is confirmed for Tuesday’s after-hours session. According to analyst consensus estimates, Coinbase is expected to report EPS of 17 cents on revenue of $1.48 billion.
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Coinbase is the leading cryptocurrency exchange platform in the United States.
According to data from Benzinga Pro, Coinbase has a 52-week high of $368.90 and a 52-week low of $72.49.
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