Cryptocurrencies are down from their historic highs seen in November, as is Coinbase, the leading American cryptocurrency exchange by trading volume. But Robinhood, the company operating a popular retail trading platform for both stocks and cryptocurrencies, has had the worst decline of the bunch.
Bitcoin and ethereum are both down more than 45% from $69,000 and $4,800, their all-time high prices on Nov. 10, respectively. Coinbase, which has tracked the price of bitcoin closely, finished Monday down 46% over the same period. Robinhood, which hit an all-time low Monday, closed the day at $13.12, down 64% since the November highs of bitcoin and ethereum. That, too, is considerably lower than Robinhood’s IPO price of $38.
