Coinbase Churns as Jitters Overshadow Wall Street’s Optimism

  • Shares fluctuate before trading lower in afternoon session
  • BTIG analyst says company’s upside ‘could be immense’
Photographer: Michael Nagle/Bloomberg
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Coinbase Global Inc. seesawed on Thursday following a volatile trading debut, with momentum building around the stock even as some in the market struggled to place a value on the biggest U.S. cryptocurrency exchange.