That's probably greater than direct FTX-related losses.
just dropped below $10 billion. This time last year, it was more than $70 billion.The amount of value lost in Coinbase stock is probably greater than the loss of value of FTX equityThe fallout from FTX's implosion is rippling across crypto markets in the U.S.
, causing a loss of trust in all the major players.warning that it, too, might have to file for bankruptcy.Coinbase is trying hard to make the case that as an SEC-regulated public company, it's more trustworthy than its rivals. If there's any kind of flight-to-quality trade in Coinbase's favor, however, it's not visible in the share price.
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