Coinbase Global Falls on Binance Investigation Speculation, but Recovers on Q1 Results
Investors traded out of Coinbase Global (NASDAQ: COIN) on Thursday, on the back of disquieting news about a peer company. This, however, was mitigated somewhat by the release of the cryptocurrency marketplace operator's first-quarter results after trading hours. On Thursday, Bloomberg reported that the world's largest crypto exchange operator, Binance Holdings, is under investigation by both the Justice Department and the IRS.
