Coinbase Stock Extends Slide, Set For All-Time Low, As FTX Collapse Pressures Global Crypto Markets

0
2
By Martin Baccardax Coinbase shares, which traded as high as $429 when it debuted on the Nasdaq last year, are set to open under $43 Monday amid the ongoing fallout from FTX’s spectacular collapse. Coinbase Global (COIN) – Get Free Report shares are set to open at their lowest levels on record Monday as the impact of FTX’s multi-billion bankruptcy continues to echo through cryptocurrency markets around the world. FTX, the bankrupt crypto exchange once run by Sam Bankman-Fried, owes its top 50 creditors more than $3 billion, court papers indicated this weekend, with new administrator John J. Ra…

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.