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Fears Coinbase could go bust as crypto exchange falls to all-time low

Fears Coinbase could go bust as ‘crypto winter’ rocks the digital currency exchange

Coinbase shares hit an all-time low after the digital currency exchange posted bleak results, fuelling fears it could go bust as a ‘crypto winter’ set in.

The shares tumbled 30 per cent on Wall Street after a regulatory filing by the company revealed any crypto it held for customers ‘could be subject to bankruptcy proceedings’, sparking concerns around its financial health.

The alarm among investors and users prompted boss Brian Armstrong to tweet that the firm was at ‘no risk of…

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