Coinbase’s top three owners make $1.2 billion from shares

This year, the value of cryptocurrencies has dropped by a lot as investors have moved away from riskier assets because interest rates and inflation are going up. Investors in Coinbase have been hurt much more than other investors. During May, Bitcoin’s value had dropped by about 22%, while Coinbase’s had dropped by almost 40%.

Even though Coinbase Global Inc. stock has lost more than 80% of its value since the company’s initial public offering (IPO) in 2021, four of the ...