Financial technology company Coinbase Global, Inc. (COIN) offers retailers the primary financial account in the crypto economy, a marketplace with a pool of liquidity for transacting in crypto assets for institutions, and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto-asset payments.
The highly uncertain macroeconomic environment driven by the Fed’s aggressive interest rate hikes and surging inflation has kept the stock market under pressure since the beginning of the year. All major crypto assets and shares of companies whose businesses are dependent on the crypto assets were not spared of the stress either.
