Technical Analysis

Coinbase will write off investment its venture arm made in FTX


Coinbase global says it will write off investment its ventures arm made in FTX.

  • Coinbase will participate in FTX bankruptcy proceedings to seek a claim hundred $15 million in deposits at the exchange
  • Exposure to FTX is not material to its balance sheet

Coinbase is also saying that FTX has ceased processing withdrawals around midday Friday.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button