Some major investors have continued to pour money into the firm despite the problems.
S&P issued a statement explaining the decision, citing weakened trading volumes.
Since Coinbase has recently been laying off a large number of employees. Investors’ faith in the company’s debt has taken a beating. The debt of the cryptocurrency exchange has been downgraded by one notch. From “BBB” to “BB-,” from “investment grade” to “speculative grade,” by S&P Global, one of the top credit rating companies.
To S&P, Microsoft and the United States Government are two of the safest borrowers among many. Deserving the highest possible rating of AAA. In cases of financial obligation default, such as when a bankruptcy petition has been submitted, lower-case letters like D are utilized.
Tough Year Ahead
S&P issued a statement explaining the decision, citing “weakened meaningfully” trading volumes at the exchange. And greater regulatory scrutiny in the wake of the high
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