The rise in venture capital and distributed ledger tech growth is driving the crypto economy to grow. It is well-known in crypto with an impressive market share and has experienced significant gains over the past months. Last week, COIN announced a 30% drop in sequential trading volume for the third quarter. The stock is still worthwhile to buy? Continue reading to learn more. Coinbase Global The United States’ most popular digital asset exchange,, Inc., (COIN) is located in San Francisco. The company provides technology and financial infrastructure for crypto economies. Over the past month, the stock has gained 37.6% in price to close yesterday’s trading session at $342.98. COIN shares traded well above the 200-day and 50 day moving averages of $290.89, and $257.92, respectively.

COIN’s shares dropped initially due to lower revenue growth than anticipated and the volatility of the prices of digital tokens. But the stock quickly recovered. “The sentiment is overwhelmingly bullish, and it’s playing out in the fourth quarter—when fireworks usually happen,” said Natalia Radyushkin, the chief financial officer of crypto platform Unbanked.com.

COIN’s trading volume slumped nearly 30% sequentially to $327 billion in the third quarter, from $462 billion in the prior quarter. The stock is expected to experience volatility over the next few weeks, according to analysts. On the other hand, given the growing popularity of crypto trading worldwide, and with businesses investing significantly into growing their crypto infrastructure, COIN’s long-term prospects look promising.

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