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Crypto platform Coinbase rolls out convertible debt deal, stock skids below $250 reference price

·3 min read
Crypto platform Coinbase rolls out convertible debt deal, stock skids below $250 reference price
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Coinbase Global on Monday said it plans to sell $1.25 billion of convertible debt. Its stock closed below its $250 reference price for the first time since the crypto platform listed on the Nasdaq exchange in mid-April.