Thank you for quantifying that. I was thinking it meant about a 10% chance of default and about a 10% chance of bankruptcy, and I appreciate the correction.
10% or 20% is "concerning" from some points of view, but what I meant was that creditors still think Coinbase is more likely to be in business 5 years from now than to be bankrupt.
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Thank you for quantifying that. I was thinking it meant about a 10% chance of default and about a 10% chance of bankruptcy, and I appreciate the correction.
10% or 20% is "concerning" from some points of view, but what I meant was that creditors still think Coinbase is more likely to be in business 5 years from now than to be bankrupt.