Home Cryptocurrency Moody’s Downgrades Coinbase Junk Bonds Further, Joins S&P

Moody’s Downgrades Coinbase Junk Bonds Further, Joins S&P

by SuperiorInvest

Coinbase shares are down 86% in 2022, in part because cryptocurrency trading volume, which remains Coinbase’s main source of revenue, slowed after cryptocurrency prices fell sharply during the year, and crypto firms including Three Arrows Capital, Celsius Network and FTX collapsed.

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