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Coinbase Shares Drop To All-Time Low
Description
Coinbase ($COIN@US) shares dropped to $40.62 per share on Monday, losing 90 percent of their value since the company went public in April 2021. Shares for the cryptocurrency exchange dropped 39 percent in November in the wake of FTX’s collapse and subsequent bankruptcy. As confidence in crypto falters, traders could be opting for cold storage rather than holding their assets on exchanges.
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