Coinbase stock closed at $197.28 on September 23, down 1.88 percent from the previous close.
The S&P 500 fell 0.80 percent to 7,702.75, so Coinbase underperformed by 1.08 percentage points.
Coinbase introduced fixed-rate bitcoin-backed loans through Morpho Midnight, allowing qualified users to borrow USDC at predetermined interest and repayment terms, according to Robinhood.
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