Shares of US-based cryptocurrency exchange Coinbase (COIN) have fallen to an all-time low (ATL) price since the company went public.
Coinbase shares last year $400 on Nasdaq It was opened to the public at a price of approx. This price has been the peak for COIN. COIN, which has been on a steady decline since then, after the FTX bankruptcy dropped to $40.62 and in total in November 39% suffered a setback.
CEO of Coinbase Brian Armstrongannounced that Coinbase is not exposed to FTX, Alameda or FTT and has no liquidity issues.
Coinbase shares over the past year from 80% It lost a lot of value and fell at the same rate as many cryptocurrencies.
While investors’ appetite for cryptocurrencies continues to decline after the FTX collapse, the losses of companies such as Coinbase, which form the backbone of the market, continue to grow. to grayscale belonging GBTC fund of bitcoin (BTC) at spot price 40% It should not be forgotten that Genesis, another important organization, is very close to bankruptcy.