Coinbase shares fell nearly 3.7% in after-hours trading following the announcement of its third-quarter 2024 earnings, which disappointed Wall Street expectations. The crypto exchange reported revenues of $1.13 billion, representing an 81% increase year-over-year but falling short of analysts' forecasts of $1.26 billion. Additionally, Coinbase's earnings per share were 28 cents, significantly missing the expected 45 cents by 46.5%. The company attributed this poor performance to 'softer market conditions.' Following the release of the earnings, COIN shares closed at $211.74 and further declined to $203.94 in early after-hours trading, although they are still up around 35% year-to-date. This news comes amidst a backdrop of fluctuating market conditions that have affected many players in the crypto industry.

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