COIN plunged 17% on Friday, just a day after Coinbase posted mostly disappointing earnings results. But investors shouldn’t rush to sell shares of the company’s stock just yet.The U.S. crypto exchange’s shares could gain ground again as it closes several strategic partnerships and acquisitions that stand to broaden its customer base for its growing crypto and non-crypto services.COIN finished Friday trading at $314.69, about 25% below its 52-week high of $419.78 reached in July,The decline came a day after Coinbase clocked $1.5 billion in total revenue, or 6% less than analysts’ estimates. Is Coinbase stock a reliable stock?
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