Coinbase (COIN) Slides as Texas Move, Stablecoin Rewards Fight and New Product Launches Collide – November 14, 2025
Coinbase shares fell 7% to around $283 Friday as crypto markets slumped, with Bitcoin dropping 6.2% and Ether down 9.2%. The sell-off comes as Coinbase moves its legal home from Delaware to Texas and faces scrutiny over insider sales and stablecoin rewards. U.S. spot Bitcoin ETFs saw $870 million in outflows Thursday.