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HomeTrading NewsWall Street analysts say Coinbase’s 7% drop after earnings is a buying opportunity

Wall Street analysts say Coinbase’s 7% drop after earnings is a buying opportunity

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021.

Michael Nagle | Bloomberg | Getty Images

Shares of Coinbase took a hit Wednesday after the cryptocurrency exchange reported a revenue miss and drop in monthly transacting users for the third quarter that disappointed many investors.

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