Coinbase and Its Customers Not in any Direct Danger of Liquidity or Credit Risk, Says Coinbase

Nov 09,2022,10:22

Coinbase announces that Coinbase and its customers are not in any direct danger of liquidity or credit risk. Regardless of whether the Binance/FTX transaction completes, Coinbase has very little exposure to FTX and has no exposure to its token, $FTT. Currently, Coinbase has $15 million worth of deposits on FTX to facilitate business operations and client trades. Coinbase has no exposure to Alameda Research and has no loans to FTX.

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