You Will Not Consider What Coinbase s CEO Mentioned

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After closing at an all-time high value of $357.39 in November last year, shares of leading U.S. cryptocurrency brokerage and trade enterprise Coinbase International (COIN -2.05%) have plunged 82%. And immediately, the corporate sports activities a market cap simply south of $15 billion, which is a far cry from the valuation it carried at its preliminary public offering in April 2021. This is not terribly surprising, however, given that the stock tends to mirror what occurs in the broader crypto market, which itself has dropped greater than 50% in 2022 alone.

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