Facebook X (Twitter) Instagram
    Crypto AcademyCrypto Academy
    • Home
    • News
    • Price Predictions
    • Price Analysis
    • NFTs
    • Learn
    • Press Releases
    • Coins
      • Bitcoin
      • Ethereum
      • Cardano
      • Safemoon
      • Dogecoin
    • Advertise on Crypto Academy
    Facebook X (Twitter) Instagram Telegram
    Crypto AcademyCrypto Academy
    Home»News»Coinbase Owns $39.9B Worth of Bitcoins
    News

    Coinbase Owns $39.9B Worth of Bitcoins

    Rea K.By Rea K.November 22, 2022Updated:November 22, 20221 Min Read
    Coinbase Owns $39.9B Worth of Bitcoins
    Share
    Facebook Twitter LinkedIn Email Reddit Telegram WhatsApp

    Earlier today, the Coinbase CEO, Brian Armstrong, posted a tweet saying, “We hold 2M BTC. – $39.9B worth as of 9/30.”

    We hold ~2M BTC. ~$39.9B worth as of 9/30 (see our 10Q) pic.twitter.com/TFINAgOSeZ

    — Brian Armstrong 🛡️ (@brian_armstrong) November 22, 2022

    Because of the latest news going around in the market and the collapse of FTX, a lot of cryptocurrency platforms are making their financials open to the public.

    Following the FTX bankruptcy, many crypto exchanges have fallen victim to it, resulting in major losses. Because FTX reportedly misused users’ money, people have lost trust in other exchanges where they have their cryptos stored. 

    Therefore, all of them have felt the need to be transparent and make their financials public to everyone. 

    If you see FUD out there – remember, our financials are public (we're a public company) https://t.co/ayzN0zaqgT

    — Brian Armstrong 🛡️ (@brian_armstrong) November 22, 2022

    Brian Armstrong continues, “We all need to come together to build this industry in a responsible way going forward. Be wary of false information.”

    Coinbase has been one of the companies greatly affected by the FTX collapse. Because of that reason, investors are afraid, and rightfully so.

    Moreover, it is the hope of Armstrong that the transparency of Coinbase’s Bitcoin holdings helps the platform to regain customer trust. 

    Previous ArticleProof-of-Reserves Tracker for Exchanges Now Active on CoinMarketCap
    Next Article FTX’s Collapse Is Not a Crypto Failure, Says Tom Emmer

    Related Posts

    Crypto Gaming Tokens Bullish in Recent Weeks

    Coinbase Shares Sold by Ark Invest

    First Bitcoin Halving Event Happened 11 Years Ago Today

    Crypto Gaming Tokens Bullish in Recent Weeks

    November 29, 2023

    Coinbase Shares Sold by Ark Invest

    November 29, 2023

    First Bitcoin Halving Event Happened 11 Years Ago Today

    November 29, 2023

    Arthur Hayes: The Rapid Expansion of Binance Led to the $4.3B Settlement

    November 29, 2023

    Cristiano Ronaldo Sued For Promoting Binance

    November 29, 2023
    Facebook X (Twitter) Instagram Telegram RSS
    • Home
    • Advertise on Crypto Academy
    • Terms and Conditions
    • Privacy Policy
    © 2023 Crypto-Academy.org. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version