
Coinbase Global Inc (NASDAQ:COIN) operates the largest spot exchange for cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in the United States but it has recently faced headwinds amid a market slide.
Moody's Investors Service on Thursday downgraded Coinbase’s Corporate Family Rating to Ba3 from Ba2 and its guaranteed senior unsecured notes to Ba2 from Ba1.