#Coinbase's stock price plummets, how is the market responding?

Coinbase's stock experienced a significant drop of 15.3% on Thursday, the largest single-day decline since July 2022. Despite third-quarter earnings falling short of expectations, the company still announced a $1 billion stock buyback plan, demonstrating confidence in the future.

Although the market response has been lukewarm, Coinbase's leadership remains optimistic about the future, especially with the upcoming U.S. presidential election where candidates are more favorable towards cryptocurrencies. What do you think? Feel free to discuss in the comments!