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

Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023

Shares of Coinbase dropped 86% in 2022, partly because trading volume for cryptocurrencies, which continues to be Coinbase’s main revenue stream, slowed after crypto prices dropped sharply during the year, and crypto firms including Three Arrows Capital, Celsius Network and FTX collapsed.

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