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Coinbase Shares Hit All-time Low Monday as Centralized Exchanges Deal with FTX Fallout

Shares of crypto exchange Coinbase hit an all-time low Monday, as fallout from FTX's demise has continued to rattle the industry.

The exchange was down roughly 8% at the time of publication, with its stock priced under $42.

Confidence in centralized exchanges dwindled following FTX's quick unraveling, and billions of dollars started pouring out of exchanges.

Coinbase chart by TradingView

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