SEPOY.net
No Result
View All Result
Wednesday, June 18, 2025
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Crypto

Coinbase Stock at All-Time Low as Market Falls

Nicholas by Nicholas
November 22, 2022
in Crypto
0
Coinbase Stock at All-Time Low as Market Falls

The winter of the cryptocurrency market also impacts companies in the sector listed on the stock exchange. The stock exchange Coinbase (COIN) is currently at $41, the all-time low since it was listed at $370 in April 2021.

READ ALSO

Strengthening Crypto Operations: Advanced Approaches to Transaction Signing and Approval

Can Bitcoin still do X100? Welcome to the “Saylor Cycle” of the BTC

https://cryptoast.fr/action-coinbase-plus-bas-histoire-tandis-marche-chute/

Coinbase stock plummets

Two weeks after the FTX affair, which shook the entire cryptocurrency market, Bitcoin (BTC) continues to plunge and drags the rest of the altcoins behind it. The King of Cryptos down 3.1% on Monday, November 21 and trades at $15,500 at the current price.

This crisis has also spread to listed companies in the sector, like Coinbase. The cryptocurrency exchange, whose stock is listed on the Nasdaq, just printed its all-time low since its listing.

coinbase share fall

Coinbase (COIN) stock chart since listing

Since listing in April 2021, at a price of $370, Coinbase’s stock has continued to tumble. At the time of this writing, it trades for $41 eacha decrease of almost 90% within a year and a half.

It was a big first for the cryptocurrency ecosystem and certainly the most anticipated IPO of the year 2021. In the midst of the bull market, Coinbase became the first cryptocurrency exchange to take this step.

Despite an excellent financial health displayed and more than exciting results – $322 million profit in 2020 for around 43 million users – the bear market we are currently experiencing will have put off traditional investors.

👉 Find out more – Store your cryptocurrencies in perfect security with the Ledger Nano X

Coinbase undergoes the FTX case

The FTX case challenged many beliefs and principles, sweeping aside the trust established by players in the cryptocurrency ecosystem for several years. The first to suffer the consequences are the centralized cryptocurrency exchangesof which Coinbase is a part.

And yet, Coinbase used the collapse of FTX to present itself as a more serious platform and more compliant than the competition. However, this did not prevent the company’s stock from continuing to fall.

Ad we ran in WSJ today – timely https://t.co/fsxy848S5N

—Brian Armstrong (@brian_armstrong) November 18, 2022

If the second largest platform in the industry is collapsing like this, what indicates that the others will not do the same? Even transparency initiatives, such as Proof of Reserve, are not enough to reassure investors so much confidence in centralized entities is flouted.

However, it is important to put the fall in Coinbase stock in a broader context. The Nasdaq Index is down 30% from its high point in November 2021 and prints a decline of 1% on the day today.

👉 IPO of Coinbase: a company initially valued more than BNP Paribas and Crédit Agricole

The reference platform to buy and trade more than 600 cryptos

10% off your fees with code ZWUFE2S1 🔥

toaster icon

Source: Trading View

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.

To go further, read our Financial Situation, Media Transparency and Legal Notices pages.

author profile picture

Journalist for Cryptoast, I strive to dissect every detail of the exciting world of cryptocurrencies and make it accessible and understandable to as many people as possible.

Lilian Aliaga

282 items


Related Posts

Strengthening Crypto Operations: Advanced Approaches to Transaction Signing and Approval
Crypto

Strengthening Crypto Operations: Advanced Approaches to Transaction Signing and Approval

June 17, 2025
Can Bitcoin still do X100? Welcome to the “Saylor Cycle” of the BTC
Crypto

Can Bitcoin still do X100? Welcome to the “Saylor Cycle” of the BTC

June 17, 2025
Policing the Metaverse: Podcast Ep. 165
Crypto

Policing the Metaverse: Podcast Ep. 165

June 17, 2025
Chainalysis 、 FBI による Caesars Entertainment のランサム身代金回収を支援
Crypto

Chainalysis 、 FBI による Caesars Entertainment のランサム身代金回収を支援

June 17, 2025
継続する Huione のアクティビティ:中国語圏担保サービスの冗長性とオンチェーン犯罪対策の課題
Crypto

継続する Huione のアクティビティ:中国語圏担保サービスの冗長性とオンチェーン犯罪対策の課題

June 17, 2025
Justin Sun launches a Treasury Company tron ​​with the support of the Trump family
Crypto

Justin Sun launches a Treasury Company tron ​​with the support of the Trump family

June 16, 2025
Next Post
Tips and facts for when you want to do the Annapurna Circuit

Tips and facts for when you want to do the Annapurna Circuit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: hello@sepoy.net

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • 100 percent free Slots 100 percent free big catch slot machine real money Casino games Online
  • Fix zugänglich: Neueste Spielsaal viks $ 100 kostenlose Spins 50 Freispiele exklusive Einzahlung 2025
  • Out of Potato chips So how to play real money poker online you can Music: Writing A keen Immersive Gambling enterprise Atmosphere To possess Unforge

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net