Coinbase shares up by >20% after ‘no financing exposure’ statement

To allay worries that the crypto-exchange would have been vulnerable to a liquidity constraint, Coinbase has asserted that it has “no financing exposure” to the bankrupt Celsius Network, Three Arrows Capital (3AC), or Voyager Digital. In a blog dated 20 July, the company claimed that several of these firms were “over-leveraged with short-term liabilities mismatched […]