Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Coinbase Global, Inc. (COIN)

BENSALEM, Pa .– (BUSINESS WIRE) – Law Offices of Howard G. Smith reminds investors of the upcoming September 20, 2021 deadline to file lead plaintiffs in the case filed on behalf of investors, Coinbase Global, Inc. (“Coinbase” or the “Company”)) (NASDAQ: COIN) Class A common stock pursuant to and / or traceable to the registration statement for the resale of up to 114.8 million shares, with Coinbase as a publicly traded company on or about April 14, 2021 Has commenced trading (the “Offer”).

Investors suffering losses on their Coinbase investments are advised to contact the Howard G. Smith law firms at 888-638-4847 or email [email protected] to determine their legal rights in this class action lawsuit to discuss.

Coinbase is the largest cryptocurrency exchange in the US The offering materials stated that Coinbase “is powered by a robust backend technology system” and has “grown rapidly and capital-efficiently since then”. [its] Founding.”

In May 2021, Coinbase announced a sale of convertible bonds worth $ 1.25 billion. Forbes.com found that “[i]Investors were likely surprised by the timing of the issue too, considering that Coinbase only went public via direct listing in mid-April (without issuing new shares or raising capital), which signals that it doesn’t require cash to do so.

Following this news, Coinbase’s stock fell $ 9.24, or 3.7%, to close at $ 239.00 per share on May 18, 2021, hurting investors.

Then, on May 19, 2021, Coinbase announced technical issues, including “delays … due to network congestion,” affecting those trying to withdraw their funds.

As a result of this news, Coinbase’s share price fell $ 14.20, or 6%, to close at $ 224.80 per share on May 19, 2021, further hurting investors.

The registration statement was essentially false and misleading and did not contain any material adverse facts. During the class action period, defendants made materially false and / or misleading statements and failed to disclose material adverse facts about the business, operations and prospects of the company. In particular, Defendants have failed to advise investors that: (1) Coinbase required a substantial injection of cash; (2) Coinbase’s platform has been susceptible to service level disruptions that are more likely to occur as the company scales its services to a larger user base; and (3) as a result, Defendants’ statements about its business, operations and prospects were materially false and misleading and / or were inadequate at all relevant times.

If you have purchased or otherwise acquired Coinbase Class A common stock pursuant to the Offering, you will be able to go to court no later than 20. You do not need to take any action at that time to join the class action; You can hire a lawyer of your choice or you can take no action and remain an absent member of the class action. If you would like to learn more about this class action lawsuit, or if you have any questions about this announcement or your rights or interests in relation to these matters, please contact Howard G. Smith, Esquire, Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at [email protected], or visit our website at www.howardsmithlaw .com.

This press release may be viewed as a solicitation in some jurisdictions subject to applicable laws and ethical rules.

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