The downfall of FTX in the crypto market is having side effects on US-based crypto exchange Coinbase. Bank of America has stated that it will downgrade Coinbase from “buy to neutral.” In the last 24 hours, the price of the Coinbase was reduced by 7%; currently, it is trading at $45 (USD). Goldman maintained its sell rating on Coinbase and reduced its year end price forecast to $41 (USD) from $49 (USD).
In a recent press conference Bank of America stated that it is important to separate speculative crypto trading and token prices from the underlying blockchain technology.
Jason Kupferberg stated that “We think Coinbase likely faces a number of new headwinds over the mid-term due to the recent collapse of rival crypto exchange FTX.” “As a result, we downgrade Coinbase to neutral from buy and reduce our estimates.”
On November 8, Coinbase CEO Brain Armstrong assured their platform users that Coinbase is a regulated institution and that the entity holds users’ funds as one-to-one, making a situation like FTX impossible. Brain stated that he was upset with the recent third quarter earnings report.
He thought it was necessary to provide clarity about how Coinbase crypto assets are different from others. The new approach is to maintain transparency, risk management, and consumer protection.
"Coinbase ເປັນບໍລິສັດທີ່ມີການຊື້ຂາຍສາທາລະນະໃນສະຫະລັດ, ແລະພວກເຮົາໄດ້ສ້າງທຸລະກິດຂອງພວກເຮົາໃນແບບທີ່ອະນຸຍາດໃຫ້ພວກເຮົາມີຄວາມໂປ່ງໃສກ່ຽວກັບບັນທຶກການຕິດຕາມຂອງພວກເຮົາ, ຄວາມເຂັ້ມແຂງຂອງໃບດຸ່ນດ່ຽງແລະການຄຸ້ມຄອງຄວາມສ່ຽງຕໍ່ລູກຄ້າຂອງພວກເຮົາແລະຕົວເຮົາເອງຢ່າງລະມັດລະວັງແລະມີປະສິດທິພາບ," Brain ກ່າວ. .
Coinbase recently tweeted, “Trust Us” in this difficult situation currently facing cryptocurrencies.
The CFO of Coinbase, Alesia Hass, stated that “At Coinbase, we are different. And as we clearly disclose, we are holding customer assets one-for-one. So there can’t be a run on the bank at Coinbase.”
Coinbase intends to expand its global market into European nations. Recently, it got permission from the Netherlands and Italy to start their crypto businesses. Brian Armstrong, recently attended the Singapore Fintech Festival (SFF) 2022 event. On this occasion, he stated that regulation can protect retail users of the crypto assets while enabling Web3 innovations.
ສິ່ງທີ່ກໍານົດ Coinbase ນອກຈາກການແລກປ່ຽນ Crypto ອື່ນໆ
- ຢູ່ Coinbase, ບໍ່ມີ "ແລ່ນຢູ່ໃນທະນາຄານ."
- ຖືຕໍາແຫນ່ງທຶນທີ່ເຂັ້ມແຂງຂອງ $ 5.6 ຕື້ (USD).
- ທີມງານພິເສດເພື່ອຮັກສາຄວາມປອດໄພໃນເວທີ.
Coinbase ໄດ້ກ່າວວ່າມັນຈະປັບປຸງແລະພັດທະນາເງື່ອນໄຂທີ່ຈະຊ່ວຍໃຫ້ການເຕີບໂຕຂອງຫນ່ວຍງານໃນປີ 2023. ມັນມີຄວາມຕັ້ງໃຈທີ່ຈະເອົາຊະນະເງື່ອນໄຂທາງເສດຖະກິດທີ່ດຶງຫນ່ວຍງານກັບຄືນໄປບ່ອນໃນບົດລາຍງານ 2022.
Nancy J. Allen ເປັນຜູ້ກະຕືລືລົ້ນ crypto ແລະເຊື່ອວ່າ cryptocurrencies ດົນໃຈໃຫ້ປະຊາຊົນເປັນທະນາຄານຂອງຕົນເອງແລະກ້າວຫລີກໄປທາງຫນຶ່ງຈາກລະບົບການແລກປ່ຽນເງິນຕາແບບດັ້ງເດີມ. ນາງຍັງ intrigued ໂດຍເຕັກໂນໂລຊີ blockchain ແລະການເຮັດວຽກຂອງມັນ.
Source: https://www.thecoinrepublic.com/2022/11/19/is-the-ftx-bankruptcy-going-to-affect-the-coinbase-price-in-the-crypto-market/