Why Coinbase Global's Stock Dropped 5.3% Today

Shares of cryptocurrency giant Coinbase Global (NASDAQ: COIN) fell as much as 5.3% in trading on Wednesday after a data glitch hit the company. Shares are down 0.8% as of 2:50 p.m. ET. 

There was a pricing glitch that temporarily showed astronomical gains in some accounts. Twitter was abuzz on Tuesday with posts of people having multimillion-dollar accounts in their Coinbase Wallets.

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Source Fool.com