Coinbase shares drop as bitcoin slides, FTX-related concerns mount

Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California.

Patrick T. Fallon | AFP | Getty Images

Coinbase shares fell more than 8% Monday, extending a slide that’s pushed the crypto exchange to its lowest since its market debut in April 2021. The drop comes as bitcoin’s slump continues and investors worry about contagion from FTX’s spectacular collapse earlier this month.

Nineteen months after going public…


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