Coinbase Tag

A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.” Coinbase’s Institutional Investor Survey The Nasdaq-listed

According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept.

Coinbase claims it had “no financing exposure” to failed crypto firms Celsius Network, Three Arrows Capital (3AC), or Voyager Digital, hoping to soothe concerns that the exchange might have been at risk of a liquidity crunch. “Many of these firms were overleveraged with short-term liabilities mismatched against longer duration illiquid assets,” the company said

Source: AdobeStocks / sdx15Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Exchanges newsCrypto markets experienced a surge in trading volume during the collapse of TerraUSD (UST), as crypto exchange Binance traded USD 224bn during the week, followed by FTX, OKX,