Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges By Cointelegraph
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Credit ratings agency Moody’s (NYSE:) has downgraded its rating of Coinbase (NASDAQ:) 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 on Coinbase’s day-to-day operations.
Continue Reading on Coin Telegraph
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Credit ratings agency Moody’s (NYSE:) has downgraded its rating of Coinbase (NASDAQ:) 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 on Coinbase’s day-to-day operations.
Continue Reading on Coin Telegraph
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