What happened Shares of the large cryptocurrency exchange Coinbase (NASDAQ: COIN) were trading nearly 5% down at 11:56 a.m. EST for no obvious reason, although a few things could be driving the move. So what Recently, filings from the Securities and Exchange Commission revealed that insiders at Coinbase sold more than $40 million worth of stock in December. Now, insider selling is not always a bad indication, as you never really know the exact reason for the sales. Also, it's not unreasonable for executives and board members to want to cash out some of their holdings and reap the fruits of their labor. But obviously, it's better to see people buying stock than selling. Image source: Getty Images. Additionally, the crypto market has been taking a beating in recent months, as the Federal Reserve has significantly changed its macro outlook and begun to taper its bond-buying program. Recent Fed minutes indicate that multiple interest rate hikes are coming this year and that the Fed may even shrink its balance sheet once the tapering is done and the first rate hike has happened. Still, Bank of America analyst Jason Kupferberg recently upgraded Coinbase stock to a buy rating, citing the fact that the company is moving beyond individual trading fees, "a trend we think could accelerate in '22 and beyond." Now what Since going public in April of 2021, Coinbase and its big opening market cap of nearly $86 billion are down 35%. Obviously, the stock has a high correlation to the crypto market right now, which is volatile. Further revenue diversification could help it trade more independently, but in this market, I am sure investors will need to see proof of that first. 10 stocks we like better than Coinbase Global, Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Coinbase Global, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 16, 2021 Bank of America is an advertising partner of The Ascent, a Motley Fool company. Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool owns and recommends Coinbase Global, Inc. The Motley Fool has a disclosure policy.Source