What's Going On With Coinbase (COIN) Shares Today - Coinbase Glb (NASDAQ:COIN)

Coinbase Global, Inc COIN shares are trading lower Monday as it weighs the United Arab Emirates as a global hub.
The crypto exchange is at loggerheads with the U.S. SEC and sought an international hub that could serve the long tail of countries in the world, Bloomberg cites an interview with CEO Brian Armstrong.
He said the U.A.E. is well-positioned to expand and serve markets in the Middle East, Africa, and Asia.
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Armstrong said that the U.A.E. is “leading the way regionally” in crypto and could be a potential international hub at a panel at the Dubai FinTech Summit 2023.
Coinbase sees U.A.E. as a “strategic bridge” between Asia and Europe, two of its existing focus areas.
Armstrong has been critical about the lack of clarity in current U.S. crypto regulation.
On Monday, Armstrong said Coinbase would not leave the U.S., an important market for the company.
The U.S. SEC had threatened to prosecute Coinbase in March over several business lines.
A spate of crypto probes in the U.S. has prompted companies to seek financial hubs overseas, with jurisdictions like Dubai, Singapore, and Hong Kong.
The stock lost 16% in April after gaining 64% YTD.
Price Action: COIN shares traded lower by 2.47% at $56.80 on the last check Monday.

What's Going On With Coinbase Shares Today