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Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges

Credit ratings agency Moody's has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities broker.In a June 8 statement, Moody's said the downgrade was due to concerns about the impact of the SEC action

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Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks – Bitcoin News

After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms,

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JPMorgan Downgrades Crypto Bank Silvergate Capital After 4Q Results, Shares Slump

“While the challenging backdrop for the crypto settlement business was a factor in the worse than expected results being released, we also believe that concerns voiced by short-sellers (on Twitter) likely also contributed to Silvergate’s customers withdrawing deposits from the platform at a greater than anticipated level,” analysts led by

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Cowen Downgrades Coinbase Stock Citing Trading Volume Declines

"COIN's business is significantly correlated to crypto asset prices, trading volumes, and volatility," they wrote. "COIN's monthly trading volumes have seen a fairly consistent drawdown each subsequent month since November 2021, and there remains low visibility into either a stabilization or rebound in retail trading volumes over 2023 given the

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Mizuho Downgrades Crypto Exchange Coinbase to ‘Underperform,’ Cuts Price Target to $30

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