Coinbase Bonds Plunge in HY Secondary Trading After SEC Suit

Bonds of Coinbase Global Inc. were the worst performers in high-yield secondary trading after the Securities and Exchange Commissionsued the company in federal court in New York on Tuesday.

Read more: Coinbase Sued by SEC for Breaking US Securities Rules (2)

• The crypto platform’s 3.375% bond maturing in October 2028 fell 7.899 cents on the dollar to 56.500 cents as of 9:54 a.m. New York time, according to Trace data
  • The bond fell the most intraday in more than a year
• Its 3.625% bond maturing in October 2031 fell 6.25 cents on the dollar to 52.500 cents, data showed ...