Moody’s revises outlook on Coinbase to negative after SEC lawsuit

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Moody’s revises outlook on Coinbase to negative after SEC lawsuit
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Moody’s on Thursday changed its outlook on crypto exchange Coinbase Global Inc. to “negative” from “stable” after the SEC this week charged the company with...

Moody’s on Thursday changed its outlook on crypto exchange Coinbase Global Inc. COIN to “negative” from “stable” after the SEC this week charged the company with running an unregistered securities exchange. “The change in outlook to negative from stable reflects the uncertain magnitude of impact the SEC’s charges will have on Coinbase’s business model and cash flows,” Moody’s said in a statement.

... Moody’s on Thursday changed its outlook on crypto exchange Coinbase Global Inc. COIN to “negative” from “stable” after the SEC this week charged the company with running an unregistered securities exchange. “The change in outlook to negative from stable reflects the uncertain magnitude of impact the SEC’s charges will have on Coinbase’s business model and cash flows,” Moody’s said in a statement.

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