Coinbase CEO Brian Armstrong wants to alleviate anxiety caused by news that FTX will sell assets to Binance amid the liquidity crisis. He said that the exchanges he operates do not pose a material risk to FTX or FTT tokens.
“It is important to highlight what sets Coinbase apart during times like this,” he said.write on twitter “This incident appears to be the result of a risky business venture. This includes interests between deeply interrelated entities. and misuse of client funds.”
Armstrong says Coinbase holds all assets in dollar-for-dollar. And he emphasized that users can withdraw money at any time.
“We are a company incorporated in the United States. and registered publicly in the United States. Because we believe transparency and trust are very important,” he wrote. “Every investor and client can see our publicly audited finances. This shows how we hold our clients’ money. And we never issue tokens for exchanges.”
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