Thursday, March 23, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home Earn Crypto

Coinbase Confirmed It Has No Exposure To FTX

btclive365 by btclive365
November 9, 2022
in Earn Crypto
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The largest cryptocurrency exchange in the U.S., Coinbase, has stated that it is not exposed to FTX, which is still draining liquidity.

Markets are in a state of shock following last week’s Binance and FTX saga, which has been dubbed the “year of crypto contagions” in 2022.

The latest news is that FTX will probably be sold to Binance, making Binance the world’s largest centralized crypto monopoly. By the 24-hour volume, Coinbase is now the second-largest CEX in the cryptocurrency market.

Brian Armstrong, the CEO of Coinbase, stated on Twitter that the exchange has no exposure to FTX.

1/ First off, I have a lot of sympathy for everyone involved in the current situation with FTX – it’s stressful any time there is potential for customer loss.

— Brian Armstrong (@brian_armstrong) November 8, 2022

Armstrong continued by touting the benefits of his own exchange and saying that it looked that dangerous business practices caused the incident. 

According to him, Coinbase never “plays” with users’ money unless the client specifically requests it. The exchange is publicly listed with complete transparency and audits, and it has never launched its own cryptocurrency.

He went on to say that focused regulation was part of the problem.

“Part of the issue here is that regulators have been focused onshore in each of their respective markets, while customers have moved offshore to companies with more opaque and risky business practices.” 

He said that due to the confusing regulatory environment and lack of transparency, Americans are losing money on these “overseas blowups.”

In Q3, compared to the same time in 2021, Coinbase, which levies some of the highest fees in the business, recorded a 50% decline in income.





Source link

Previous Post

Secured #3: Security Teams | Ethereum Foundation Blog

Next Post

FTX CEO Denies Insolvency Rumors, US DoJ Seized $3.36 Billion BTC Stash—Top 5 Crypto Stories for Nov 7

btclive365

btclive365

Next Post

FTX CEO Denies Insolvency Rumors, US DoJ Seized $3.36 Billion BTC Stash—Top 5 Crypto Stories for Nov 7

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Building Bitcoin Standard In Portugal – Bitcoin Magazine

November 9, 2022

USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment

December 1, 2022

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

EUR/NOK dives to multi-day lows near 11.2000 post-Norges Bank

March 23, 2023

Optimizing the Operations at Dubai Free Zones with Technology

March 23, 2023

Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate

March 23, 2023

SEC Issues Wells Notice to Coinbase, Brian Armstrong Responds to Allegations of Insider Trading

March 23, 2023

Recent News

EUR/NOK dives to multi-day lows near 11.2000 post-Norges Bank

March 23, 2023

Optimizing the Operations at Dubai Free Zones with Technology

March 23, 2023

Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate

March 23, 2023

SEC Issues Wells Notice to Coinbase, Brian Armstrong Responds to Allegations of Insider Trading

March 23, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

EUR/NOK dives to multi-day lows near 11.2000 post-Norges Bank

March 23, 2023

Optimizing the Operations at Dubai Free Zones with Technology

March 23, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In