TechFlow news — Coinbase stated it currently has no liquidity or credit risk. As a U.S. publicly traded company, Coinbase maintains transparency in its balance sheet and conducts effective, prudent risk management for customers. Coinbase’s balance sheet shows that it holds customer assets on a 1:1 basis and has $5.6 billion in total available assets, including $5.0 billion in cash and cash equivalents. Additionally, Coinbase has minimal exposure to FTT, has had no dealings with Alameda Research, and has not extended any loans to FTX. Furthermore, Coinbase emphasized that strong and clear regulation is essential for the cryptocurrency industry.Original link
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