Summary: Coinbase said it has minimal exposure to the struggling crypto exchange FTX and it has only $15 million of deposit on the exchange. The company also said it has no exposure to FTX’s token FTT nor FTX’s sister company Alameda Research. “There can’t be a ‘run on the bank,” the company said in a statement, ...

Coinbase said it has minimal exposure to the struggling crypto exchange FTX and it has only $15 million of deposit on the exchange.

The company also said it has no exposure to FTX’s token FTT nor FTX’s sister company Alameda Research.

“There can’t be a ‘run on the bank,” the company said in a statement, referencing its audit reports showing customer assets to be fully backed.

Author: Katie Lin