Coinbase shares tumble as bitcoin slide continues, investors fear contagion from FTX collapse - CNBC

Coinbase shares closed down more than 8% Monday, extending a slide that's pushed the crypto exchange to its lowest point since its market debut in April 2021.

Earlier this month, Coinbase reported a revenue plunge of more than 50% in the third quarter from a year earlier, and a loss of $545 million.

In a matter of days, FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, customers demanded withdrawals and rival exchange Binance ripped up its nonbinding agreement to buy the company. FTX filed for Chapter 11 bankruptcy protection Nov.

WATCH: CNBC's full interview with Coinbase CEO Brian Armstrong