S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

by Aurelia Butler 12 August 2022, 13:20 169 Views

The agency confirmed the downgrade in a note on Aug. 11, pointing toward Coinbase’s weaker performance in the second quarter of 2022 as a driving factor. Intensified competitive risk in the cryptocurrency exchange sector was also highlighted, with Coinbase losing market share to competitors this year.

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Source: Cryptocurrency - investing.com

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S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

Global equity funds see first weekly inflow in seven weeks

Biden senior advisor Anita Dunn has to divest investment portfolio worth between $16.8 million and $48.2 million to avoid conflicts

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