Home Coinbase Coinbase Junk Bonds Additional Downgraded by S&P on Weak Profitability, Regulatory Dangers – CoinDesk

Coinbase Junk Bonds Additional Downgraded by S&P on Weak Profitability, Regulatory Dangers – CoinDesk

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Coinbase earns most of its income from retail buying and selling charges, and buying and selling quantity has dropped much more sharply in latest weeks. Consequently, S&P expects the U.S.-based alternate’s profitability to “stay pressured” in 2023, saying the corporate might “submit very small constructive S&P International adjusted EBITDA,” or earnings earlier than curiosity, taxes, depreciation and amortization, this yr.

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