Ratings agency Moody's said Thursday that it downgraded US crypto exchange Coinbase's senior unsecured notes. Specifically, Moody's said it "downgraded Coinbase Global, Inc.'s (Coinbase) Corporate Family Rating (CFR) to Ba3 from Ba2 and downgraded its guaranteed senior unsecured notes to Ba2 from Ba1." "The ratings were placed under review for further downgrade," the agency added. The Baa3 rating refers to a "moderate" degree of credit risk and represents the lowest level of institutional-grade creditworthiness. In its explanatory note, Moody's highlighted: "...Coinbase's substantially weaker revenue and ... (full story)