Coinbase Global shares are trading lower after a federal judge rejected the July 13 decision that concluded that Ripple did not violate securities laws by selling its XRP token on public exchanges.
Portfolio Pulse from Benzinga Newsdesk
Coinbase Global shares are trading lower following a federal judge's rejection of a July 13 decision that concluded Ripple did not violate securities laws by selling its XRP token on public exchanges.
August 04, 2023 | 10:09 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Coinbase Global's stock price is trading lower due to a federal judge's decision regarding Ripple's XRP token.
The judge's decision has created uncertainty around the legality of Ripple's XRP token, which is traded on Coinbase Global's platform. This uncertainty is negatively impacting Coinbase Global's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100