Crypto Crash Exposes Robinhood and Coinbase To Predators

It was the Summer of Love for cryptocurrency.

On June 29, 2021, Coinbase Global  (COIN) – Get Coinbase Global Inc Report and Voyager Digital  (VYGVF) – Get Voyager Digital Ltd Report both had their market debuts.

Coinbase shares soared on that first day and finished at $328.28, well above the reference price of $250 set the previous night. Voyager Digital shares ended at $16.60.

‘When the Weeding is Done’

This was the very same day that House Speaker Nancy Pelosi introduced a resolution to establish a select committee to probe the Jan. 6 insurrection. But everything was all sunshine and roses in crypto world.

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