Cramer Slams Crypto Exchanges Coinbase And Binance, Calls Situation 'Massive Fraud'
Portfolio Pulse from Michael Cohen
CNBC Mad Money host Jim Cramer criticized crypto exchanges Coinbase Global Inc (NASDAQ:COIN) and Binance, calling the situation a 'massive fraud.' He discussed the regulatory scrutiny these platforms are under and the potential impact on the broader crypto ecosystem, including specific cryptocurrencies like Solana (CRYPTO: SOL).
June 06, 2023 | 10:01 pm
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NEGATIVE IMPACT
Jim Cramer criticized Coinbase, calling the situation a 'massive fraud' and highlighting the regulatory scrutiny the platform is under, which could impact the company's stock price.
Jim Cramer's criticism of Coinbase and the regulatory scrutiny it is facing could negatively impact investor sentiment and lead to a decline in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer mentioned Solana (CRYPTO: SOL) as one of the cryptocurrencies that could be affected by the regulatory scrutiny on crypto exchanges like Coinbase and Binance.
As Solana is mentioned as one of the cryptocurrencies that could be affected by the regulatory scrutiny on crypto exchanges, it may face a negative impact on its price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80