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Coinbase Stock Hits All-Time Low as Bitcoin, Ethereum Decline

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The stock price of crypto exchange Coinbase hit a new all-time low of $40.61 Monday. Bitcoin and Ethereum—the two largest cryptocurrencies by market cap—also fell, with Bitcoin declining 5.5% to $15,665 and Ethereum falling 8.2% in a day to $1,081, according to CoinGecko data. Coinbase has used the collapse of FTX to market itself as a more trustworthy and compliant exchange, but that hasn’t stopped the company’s shares from tanking. (Decrypt)

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