Coinbase (COIN) Stock Continues Its Tumble After Reporting Steep 1Q Losses

<p>Market On Close looks at the market reaction to Coinbase's earnings Tuesday after the close, with shares continuing their slide in extended trading after falling 12.6% on the day. As the biggest cryptocurrency exchange in the U.S., the company reported it was bleeding users and posted wider-than-expected losses in the 1Q. Coinbase closed Tuesday's session at $72.99 - a fraction of the $381 open when the stock went public a little more than a year ago. </p><p><br></p>