FTX ‘Contagion Risk’ Fuels Coinbase Stock Plunge—Analyst Worries Users Will ‘Leave Crypto Entirely’

FTX ‘Contagion Risk’ Fuels Coinbase Stock Plunge—Analyst Worries Users Will ‘Leave Crypto Entirely’

The FTX collapse has created new headwinds for Coinbase “that warrant additional caution,” one analyst warns. Another called crypto a “deteriorating industry.”