Coinbase's stock price drops by 12.5% due to the Binance hacker attack
2026-10-31 01:45:59
According to CoinMeta, the stock price of Coinbase fell by 12.5% during trading on October 30, affected by a $630 million security vulnerability in Binance. Market data shows that Coinbase hit a low of $136.93 during that day's trading and ultimately closed at $140.46, a decrease of $20.13 from the previous trading day. At the same time, other crypto stocks also saw declines, with an overall average drop of about 7.48%. Coinbase reported trading revenue of $590.2 million in the third quarter, a year-on-year decrease of 44%. Binance is currently working on recovery efforts and has pledged to cover customer losses.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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