Coinbase closes below $60 on Monday, down more than 9%

Coinbase shares were also affected by volatility in the cryptocurrency market after the U.S. Securities and Exchange Commission sued the cryptocurrency exchange Binance. According to US stock data, the closing price of Coinbase fell to US$58.7 on Monday, a drop of 9.05%, setting a new low in June, and its current market value has also dropped to US$13.77 billion.