Coinbase Shares Slide As Crypto Market Faces Broad Sell-Off

Coinbase Global Inc. shares fell over 3% in premarket trading on Friday, following a 4.26% decline on Thursday, amid a broader sell-off in the crypto market where the total market cap dropped 3.2% to $2.3 trillion. Bitcoin also declined by 2.27% to $68,231.67. Despite the market volatility, Coinbase is expanding its operations by partnering with Better Home & Finance to allow Bitcoin or USDC as collateral for Fannie Mae-eligible mortgages. Additionally, CFTC Chairman Mike Selig anticipates the approval of crypto perpetual futures in the coming weeks.