Coinbase (COIN) started the week announcing its upcoming debut on the S&P 500 (^GSPC), but it quickly soured after news of a major cybersecurity breach and an ongoing US Securities and Exchange Commission (SEC) investigation.
Mark Palmer, Benchmark Company managing director and senior research analyst of fintech and digital assets, joins Asking for a Trend to explain what happened.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here:
https://finance.yahoo.com/videos/series/asking-for-a-trend/
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