Coinbase stock drops after hours as bitcoin slides; Armstrong keeps crypto bill push alive in Davos
New York, January 20, 2026, 18:41 ET — After-hours Shares of Coinbase Global Inc (COIN.O) dropped 5.5% to $227.73 in after-hours trading Tuesday, following a 4.6% plunge in bitcoin to roughly $88,312, weighing on crypto-related stocks. Robinhood Markets (HOOD.O) slipped 2.7%, while Strategy (MSTR.O) plunged 7.8% in late deals. The decline comes as investors wrestle with two shifting factors: the volatile crypto market and evolving U.S. regulations that will shape which products exchanges can provide. Coinbase’s revenue remains closely tied to trading volumes, which track coin prices more than any corporate messaging. Speaking at the World Economic Forum in Davos,