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StockNews.com
StockNews.com
Business
Pragya Pandey

Crypto Winter Is Coming...Should You Avoid COIN?

Coinbase Global, Inc. (COIN) provides financial infrastructure and technology for the crypto-economy in the United States and beyond. The company offers primary financial accounts to retailers in the crypto-economy, a marketplace with a pool of liquidity for institutions to transact in crypto assets, and technology and services for ecosystem partners.

Its shares are down 73.9% over the past year and 76.7% year-to-date to close yesterday’s trading session at $58.88. In addition, the stock is currently trading 84% below its 52-week high of $368.90, which it hit on November 09, 2022.

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