Coinbase CEO says market fear and volatility are a 'moment to | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Coinbase CEO says market fear and volatility are a 'moment to shine'
Coinbase CEO Brian Armstrong urged employees to be “prepared to serve” customers amid market volatility, citing a large number of Binance users making withdrawals as a contributing factor. “large withdrawals happening on Binance” as potentially a contributing factor. The 39-year-old chief executive also sought to remind staff that Coinbase does not have material exposure to rival Binance, safely stores customer assets and possesses $5 billion on its balance sheet. Coinbase shares closed Tuesday's trading session below $39 apiece, marking an all-time low.
