Coinbase Suffers New, $350M Legal Threat
COIN stock is in a bearish state, and that’s the least of Coinbase’s problems. The company is currently reckoning with the cryptocurrency market’s plummet into the abyss. Over the last year, the global market capitalization of cryptocurrency went from over $2 trillion to under $1 trillion. And while the rapid price drop of coins and tokens is scaring some into selling, the bleak outlook for crypto prices is not bringing in many buyers. As a result, Coinbase’s daily trading volume has continued to trend downward throughout 2022.
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