COIN is trading at 7.63% down now at $312.79 after Coinbase confirmed plans to list Binance Coin (BNB) on its platform, following Robinhood's move to offer BNB trading earlier today. The announcement comes as both COIN and HOOD stocks fell more than 7% in midday trade, with retail sentiment for COIN trending bearish. This drop is also occurring alongside a broader market decline, with the S&P 500 down 1.11% and the NASDAQ down 1.91% as of 1:43 PM EST. The combination of company-specific news and negative overall market sentiment is driving today's significant decline.