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

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Shares of Coinbase dropped 86% in 2022, partly as a result of buying and selling quantity for cryptocurrencies, which continues to be Coinbase’s important income stream, slowed after crypto costs dropped sharply in the course of the yr, and crypto corporations together with Three Arrows Capital, Celsius Community and FTX collapsed.

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