Voyager Downgraded by Compass Point as Retail Investor Health Questioned

• Compass Point expects much regulatory scrutiny for crypto companies that connection lending products, expert Chris Allen told clients successful a enactment Tuesday.

• Bitcoin (BTC) has fallen implicit 30% this twelvemonth to conscionable supra $30,000 and the illness of terraUSD (UST) has rattled the crypto ecosystem implicit the past fewer weeks.

• The steadfast lowered its net estimates and chopped its share-price people to C$8 ($6.23) from C$14.

• Toronto-listed Voyager roseate astir 5% Tuesday aft declining connected Monday. The shares person mislaid much than 75% this year.

• Voyager announced plans for a backstage placement financing Monday for $60 million.

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