Coinbase had a stellar run last year, with its US$86 billion Nasdaq debut, 4x YoY increase in monthly transacting users (MTU), and an 11x YoY increase in net income, but since the beginning of this year, its shares have tanked almost 20%, falling from US$252 on Dec 31st, 2021 to around US$202 as of Mar 28th, 2022. So what explains the steep drop in its share price? What are the acquisitions made by Coinbase?

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HOST : Aishwarya Singh

EDITOR : Kishore Kumar