Earnings Results: Coinbase stock plunges after a less volatile summer crypto market suppressed fees

Coinbase Global Inc. shares hit new closing highs two days in a row heading into Tuesday’s quarterly earnings report, but a summer slowdown in cryptocurrency trading sent them tumbling back down in late trading.

Coinbase Global Inc. shares hit new closing highs two days in a row heading into Tuesday’s quarterly earnings report, but a summer slowdown in cryptocurrency trading sent them tumbling back down in late trading.