Crypto exchange Coinbase raises $1.25bn

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Crypto exchange Coinbase raises $1.25bn

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2EN4BP5 In this photo illustration a Coinbase logo is seen on a smartphone screen in front of cryptocurrencies signs. (Photo by Pavlo Gonchar / SOPA Images/Sipa USA) | Alamy Stock Photo

Shares in Coinbase plunged more than 10% at the open on Wednesday after the US cryptocurrency exchange operator sold $1.25bn of convertible bonds and suffered a serious outage of its platform that stopped many users from trading.

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