Coinbase, Robinhood Trade at All-Time Lows Before Rebounding Monday

Posted on by American Coins & Gold

Coinbase, Robinhood Trade at All-Time Lows Before Rebounding Monday
Crypto exchange Coinbase (COIN) and retail trading platform Robinhood Markets (HOOD) both traded at all-time lows on Monday before bouncing back with the overall equity and crypto markets.Coinbase shares hit a low of about $162.54 on Monday morning, down more than 60% from their 52-week high of $429.54 and down 35% from their opening reference price of $250 when the company went public last April. Coinbase rebounded to finish the day at $191.48, giving the company a market cap of about $50 billion.Meanwhile, Robinhood, whose crypto trading revenue has increased significantly in the last year, hit a low of $11.15…