Coinbase Shares Drop on Report of SEC Probe of Its User Numbers

Coinbase Global Inc.shares extend declines to as much as 8.9% after the New York Times reported that the US Securities and Exchange Commission has been investigating whether the company misstated its user numbers in past disclosures.

• The probe began during Joe Biden’s administration and has continued under President Donald Trump, NYT says, citing four people familiar

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Matthew Griffin in New York at mgriffin180@bloomberg.net

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Matt Turner at mturner107@bloomberg.net

Amanda Fung

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