Coinbase's 2031 notes are rated Ba2 and are trading at about a 13% yield. As a point of comparison, Murphy Oil USA also has Ba2 2031 notes with comparable coupo

Coinbase's 2031 notes are rated Ba2 and are trading at about a 13% yield. As a point of comparison, Murphy Oil USA also has Ba2 2031 notes with comparable coupon that are trading only at about a 6% yield.