Express

Coinbase Says It Has No Exposure To FTX

Katie Lin

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

Last Update:

Tags: ,,,
Link: Coinbase Says It Has No Exposure To FTX   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 3 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 4 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 7 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 8 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 10 days ago
  • You need to login to comment.