FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.
Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.
The company's platform allows people to buy and sell cryptocurrency. It had just gone public last year.
Coinbase's public debut comes as more institutions warm up to the idea of cryptocurrency and its popularity among investors soars.