Coinbase’s stock is in freefall, down 60% in a year, as crypto cools with rising rates and inflation fears. Facing fierce competition from Binance and traditional finance players, plus shaky stablecoin prospects and looming regulations, the company’s losses persist despite cost cuts and layoffs. Investors are sidelined until rates stabilize and rules clarify — and even then, growth forecasts remain shaky. Recovery won’t be easy; it’ll take more than trimming staff to turn things around.
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