Crypto Crash Rocks Coinbase as Mainstream Investors Flee Bitcoin

Published by
The Street

By Luc Olinga The stock price of digital currency exchange, which represents the mainstream route for individual investors to buy bitcoin, sank to a new low. Coinbase Global (COIN) wants to be seen as something other than an exchange primarily offering the ability to buy and sell cryptocurrency. Unfortunately for the platform – the largest in the U.S. and most commonly used in the U.K. – its future seems for the moment linked to that of crypto. Its stock is one of the collateral victims of the cryptocurrency crash, which has already wiped out more than $1.3 trillion since record highs were set…

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