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

By: ZippyB

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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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