Deadline Reminder: Howard G. Smith’s law firm is Coinbase Global, Inc. Notify investors that the deadline for a class action against (COIN) is approaching.state

Coinbase is the largest cryptocurrency exchange in the United States According to offering sources, Coinbase “has a robust back-end technology system” and “has grown in a fast and capital-efficient manner ever since.” That is. [its] Founded. “

on May 17, 2021, Coinbase $ 1.25 billion Sale of convertible bonds. Forbes.com Pointed out that “[i]Given that Coinbase went public in mid-April directly (without issuing new shares or raising funds), investors may have been surprised at the timing of the problem and said they didn’t need cash. is showing. “

With this news, Coinbase’s stock price fell $ 9.24, Or finish at 3.7% $ 239.00 Per share May 18, 2021, Which hurt investors.

next, May 19, 2021, Coinbase has announced technical issues such as “delays due to network congestion” affecting those who want to withdraw money.

With this news, Coinbase’s stock price fell $ 14.20, Or 6%, close with $ 224.80 Per share May 19, 2021, Which further hurt investors.

The registration statement is virtually false and misleading and has been omitted to state a significant disadvantage. Throughout the class, Defendant not only did not disclose materially unfavorable facts about our business, operations and outlook, but also made materially false and / or misleading statements. Specifically, the defendant did not disclose to investors: (1) Coinbase required a considerable amount of cash injection. (2) Coinbase’s platform is susceptible to service level interruptions, which are more likely to occur as companies expand their services to a larger user base. (3) As a result, Defendant’s statements regarding its business, operations, and outlook were virtually false and misleading, and / or lacked reasonable grounds at all relevant times.

You may move to court at the latest if you purchase or otherwise acquire Coinbase Class A common stock that is traceable to the offering and / or to the offering. September 20, 2021 Ask the court to appoint you as the main plaintiff if you meet certain legal requirements. No action is required at this time to become a member of a class proceeding. You can retain the lawyer of your choice or take no action and remain absent from the class proceedings. If you would like to know more about this class action, or if you have any questions about this announcement or your rights or interests in these matters, please contact us. Howard G. Smith, EsquireOf the law firm Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone (215) 638-4847, toll-free (888) 638-4847, or by email howardsmith@howardsmithlaw.comOr visit our website. www.howardsmithlaw.com..

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Source law firm Howard G. Smith