The shares of US crypto exchange Coinbase fell to a record low of $41.23 on yesterday’s trading session.
It looks like investors have reacted to the deteriorating digital asset market and the growing distrust caused by the collapse of FTX.
The historical minimum at the moment was $40.61. The next day, the stock rose by more than 5% to more than $43. Since the beginning of the year, long-term investors in Coinbase stock have lost 82.8% of their investments.
The exchange has distanced itself from FTX. The company management has urged customers to “trust the platform” due to strict US regulatory compliance and lack of practices that led to FTX’s demise.