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Coinbase drops 15% in pre-market trading after SEC lawsuit

Bitcoin dropped 1% on the news of the Coinbase, SEC lawsuit

James Van Straten
Jun. 6, 2023 at 2:13 pm UTC
1 min read
Updated: Jun. 6, 2023 at 2:13 pm UTC

Quick Take

  • Coinbase (COIN) is down 15% in premarket trading after the SEC sued the exchange, alleging multiple securities law violations
  • It is now trading below $50.00.
  • However, Coinbase was trading 8% lower on Monday.
Coinbase share price: (Source: Google)
Coinbase share price: (Source: Google)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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