‘Crypto Winter’ Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater

‘Crypto Winter’ Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater

Shares of popular crypto-brokerage Coinbase plummeted to a record low Wednesday after the firm reported a worse-than-expected loss spurred by dwindling trading volumes—prompting a flurry of analysts to downgrade the stock as the price of bitcoin, ether and other major cryptocurrencies plummet to nearly one-year lows.

Coinbase stock hit a record low after management revealed the firm's first loss as a publicly traded ... [+] company.