In the Wake of the FTX Collapse, Coinbase Shares (COIN) Fall to Another New All-Time Low

In the Wake of the FTX Collapse, Coinbase Shares (COIN) Fall to Another New All-Time Low


Shares in Coinbase (COIN) are plummeting to a new all-time low as the industry continues to deal with the aftermath of the collapse of FTX and its associated entities.

Coinbase was already facing headwinds as a result of the crypto bear market and is now facing more uncertainty due to the disintegration of FTX, which used to be the second-largest crypto exchange in the US by volume.

Opening the month at $63.29, COIN closed at $41.23 on Monday, which rice is its lowest price to date and marks a drop of around 35% this month.

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The price drop puts COIN down by over 90% from its all-time high of $426, which it saw on its opening day in April of 2021.

Coinbase CEO

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