|Bid||40.88 x N/A|
|Ask||44.14 x N/A|
|Day's Range||42.26 - 44.00|
|52 Week Range||40.05 - 290.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 03, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Traders looking to take advantage of market dislocations arising from selling pressure might want to look at Coinbase stock instead of the currencies traded on its platform.
Convertibles are bond/stock hybrids that can offer a combination of the downside protection of bonds and the upside potential of stocks.
When FTX — the second-largest cryptocurrency exchange — declared bankruptcy, a company previously valued at $32 billion collapsed within days. The decline sparked a stampede for the exits of crypto holders to get their coins off exchanges like Coinbase. On the FTX implosion, shares of Coinbase unsurprisingly plummeted.