Reposting this because I think it raises an important distinction.
Coinbase reporting a $667M loss definitely grabs attention especially considering how much BTC they custody for major ETFs. But it’s worth separating operational losses from custodial risk.
When volumes drop, exchange revenue drops, and with good reason to because it just reflects the markets pattern.
Crypto Insight — ⭕ Are Bitcoin ETFs at risk after Coinbase's $667M loss?
Coinbase, which holds Bitcoin for many ETFs, reported a $667M loss. This makes people wonder about the safety of the 1.5M BTC they protect.
Really interesting article that I thought I would share here. I have been explor. . . See More >
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