10 Stocks Investors Are Dumping Fast

6. Coinbase Global, Inc. (NASDAQ:COIN)

Coinbase Global fell by 16.7 percent on Friday to close at $314.69 apiece as investors sold off positions amid the broader market pessimism that heavily spilled over to cryptocurrency prices and crypto trading platforms.

Coinbase Global, Inc. (NASDAQ:COIN) dropped in line with Bitcoin prices, which, as of writing, were down by 1.79 percent at the $113,000 level.

In other developments, Coinbase Global, Inc. (NASDAQ:COIN) reported an impressive earnings performance in the second quarter of the year, which soared by 3,869 percent to $1.4 billion from only $36 million in the same period last year.

Net revenues also inched up by 2.9 percent to $1.42 billion from $1.38 billion year-on-year. However, total transaction revenue was notably lower by 2 percent at $764.3 million versus the $780.9 million year-on-year amid a muted trading during the second quarter as a result of a more cautious market environment.