Coinbase Global (COIN) shares declined on February 5, 2026, following a broad sell-off in the cryptocurrency market.
The stock fell alongside major digital assets including Bitcoin, which recorded a substantial price decrease.
The Nevada Gaming Control Board filed a civil enforcement action against the company regarding its event contracts.
Regulators allege these contracts constitute unlicensed sports wagering.
This legal development introduces new regulatory risks for the exchange beyond general market volatility.