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Coinbase Shares Sink 9% on Report CME to Consider Listing Spot | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News

Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin

Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday after a Financial Times report that the Chicago Mercantile Exchange (CME) might soon offer spot bitcoin trading amid strong interest from clients. Cryptocurrencies were up on the day. The CoinDesk 20 Index, which tracks 20 of the largest digital tokens by market capitalization, is 0.91% higher over the past 24 hours.

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