Coinbase junk bonds tank amid market rout and creditors’ fears

2022.05.13 14:40

Coinbase junk bonds tank amid market rout and creditors’ fears

The price of Coinbase’s junk bonds are tanking amid an underwhelming performance in Q1 and fears over what could happen in the event of a bankruptcy.

According to bond trading data from Trace Bonds, both of Coinbase’s junk bond offerings have dropped roughly 17% and 5.2% since its Q1 report on Tuesday to sit at $63 and $62.31 at the time of writing. Overall, they are down 20% and 19% apiece since the start of this month.

Bankruptcy proceedings disclosure

Source