Coinspeaker
Coinbase Reassures Customers of Asset Safety amid Liquidity Crisis
American exchange Coinbase has attempted to douse the fears of its customers amid the rising tension caused by the liquidity struggles of the past few days. To this end, the firm clarified via a blog post, how its business remains in good standing.
Customers In No Direct Danger of Liquidity, says Coinbase
In the blog post, Coinbase began by mentioning how it has always been keenly interested in asset security and regulatory compliance. It believes that its interest in both is why its customers are safe from any form of credit risks today.
The revelation follows after giant exchange FTX filed for chapter 11 bankruptcy last week. Meanwhile, as is commonly seen, when big firms such as FTX collapse in such a manner, it is only expected to have liquidity issues spring up in other firms that may have been exposed to them. But in this case, Coinbase insists that it has only a little exposure to FTX. Per the blog po
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