Coinbase Global Inc (NASDAQ: COIN) said that struggling cryptocurrency firms that failed to successfully navigate the economy engaged in risky lending practices.
What Happened: “We believe these market participants were caught up in the frenzy of a crypto bull market and forgot the basics of risk management,” said Coinbase in a blog post outlining its approach to cryptocurrency financing.
See Also: How To Buy Coinbase (COIN) Shares
Brett Tejpaul, head of Coinbase Institutional, Matt Boyd, head of Prime …
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