Major cryptocurrency exchange struggles with declining values

Major cryptocurrency exchange struggles with declining values


A beleaguered cryptocurrency exchange is facing further turmoil in the wake of a drop in coin valuations.

Queen Piece (Currency) Shares are down 75% on weak earnings and low volume this year.

The company’s stock is very volatile as its attempts to regain a foothold in the crypto industry remain murky.

Stocks closed negative in 13 out of the last 15 days as of September 6. The stock rebounded slightly by 8.7% amid a broad market rebound on September 7.

New Coinbase Problem

Now, Coinbase is facing a new challenge as many investors have lost interest in owning or trading cryptocurrencies such as Bitcoin or Ethereum. The trend was seen in Coinbase’s earnings and trading volume dropping during the second quarter.





Source link

Leave a Comment