Shares of cryptocurrency exchange$Coinbase(COIN.US)$
wraps up Monday with a 5.1% decline as the world's largest digital token,$Bitcoin(BTC.CC)$
, -6.3% drifts lower to $55.7K per token.
Shares of COIN slightly rises 0.2% in after-hours trading.
Coinbase's price outpaces Bitcoin by a wide margin since the day the company started trading on the Nasdaq. But the two trends appear to move similarly, as seen in the chart below
Last Friday, Hayden Capital disclosed to investors that the firm opened a position in Coinbase as crypto hits the mainstream.
Most crypto-related exchange/platform stocks, including$NET SAVINGS LINK INC(NSAV.US)$
-4%, Plus500 (OTC:PLSQF) -2%,$BIGG DIGITAL ASSETS INC(BBKCF.US)$
-8.5% fall on Monday amid Bitcoin's continued weakness.
Previously, (Nov. 10) Coinbase shares fell on disappointing Q3.