Coinbase, Circle and Robinhood are among the twenty technology stocks that have fallen the most from their recent highs, declining by 56 %, 44 % and 40 %, respectively. The weakness is widespread despite the S&P 500 being supported by a small group of large technology companies. Robinhood and Circle are expanding their businesses, with Robinhood partnering with Ripple to distribute the RLUSD stablecoin and Circle launching the Arc blockchain with more than 100 institutional and crypto participants. Coinbase, however, has faced an incident involving analytics provider Amplitude that exposed some customer contact information, although the exchange says its systems were not breached. At the end of October, Coinbase was trading around $162, Robinhood near $91 and Circle at $82.
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