Coinbase and Its Customers Not in any Direct Danger of Liquidity or Credit Risk, Says Coinbase

Coinbase announces that Coinbase and its customers are not in any direct danger of liquidity or credit risk. Regardless of whether the Binance/FTX transaction completes, Coinbase has very little exposure to FTX and has no exposure to its token, $FTT. Currently, Coinbase has $15 million worth of deposits on FTX to facilitate business operations and client trades. Coinbase has no exposure to Alameda Research and has no loans to FTX.