The company made the disclosure in its Q1 earnings report, which included a $430 million loss. The company also suffered a 19% dip in monthly users.
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Coinbase Bankruptcy Disclosure Born of Rules Change, Risk Remains Low, CEO Says
Coinbase's recent disclosure about what happens to cryptocurrency held by the company if it goes bankrupt was due to U.S. Securities and Exchange Commission rules, not because the company is expecting to file for bankruptcy protections, according to Founder and CEO Brian Armstrong. So reports Fortune.
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