Coinbase Great News!

avatar



A Medium post directly from Coinbase link here posted today is indicating that the company has zero exposure to collapsed crypto firms in the current market.

Solvency concerns surrounding entities like Celsius, Three Arrows Capital (3AC), Voyager, and other similar counterparties

As a result, we have a record of:
no losses from our financing book,
no exposure to client or counterparty insolvencies,
no gating for client loan recalls or withdrawals, and
no changes in access to credit for our trading clients.

We have not engaged in these types of risky lending practices and instead have focused on building our financing business with prudence and deliberate focus on the client

With that confidence in the company has people heavily invested back into the publicly trade stock as it went as high as $79 intraday trading and closed up 15% for the day.

With so much bad news and bearish outlook on crypto it is good to see Coinbase coming out with some positive news. It seems they will survive and thrive on the next crypto bull run.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!



LeoFinance = Financial Blog
LeoDex = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws.
HiveStats = Hive stats per user
LeoPedia = Informative content related to anything about Crypto and how to make financial gains in crypto!
CubDefi = LEO Finance's Defi with CUB Token

hive-167922 leofinance palnet archon ctp hive hivehustler neoxian hive-engine bee
0
0
0.000
3 comments
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
Reply
avatar

That is really good news and I was a bit surprised to see all the companies who participated in the risky lending process.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Congratulations @mawit07! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 54000 upvotes.
Your next target is to reach 55000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
Reply