Coinbase Global Inc.’s bonds slipped further into distressed territory Wednesday, a day after the U.S. Securities and Exchange Commission filed charges against the platform as part of its broader crackdown of the crypto industry.
Prices on its most-active 3.375% bonds due in October 2028 fell to about 60.44 cents on the dollar late Wednesday, down from a high Monday of about 64.53, according to BondCliq data. Bond prices and yields move in the opposite direction.
Their…
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