Cryptocurrencies

Coinbase CEO Says Trading Activity Rising, No Plan to Buy FTX US

Coinbase’s Brian Armstrong said FTX customers could lose money
Armstrong added Coinbase acquiring FTX US wouldn’t make sense

WATCH: Coinbase CEO Brian Armstrong discusses the news of Binance buying rival FTX.com after a bitter feud between the two crypto exchange owners, and whether Coinbase would consider buying FTX US.Source: Bloomberg

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By Hannah Miller

November 9, 2022 at 12:48 AM UTC

This article is for subscribers only.

Crypto exchange Coinbase Global Inc. said it’s seeing increased activity on its trading platform following the drama over the potential acquisition of FTX by Binance.

The liquidity crunch that prompted Binance’s tentative agreement with FTX wouldn’t happen at Coinbase because the company doesn’t engage in “risky behaviors,” Chief Executive Officer Brian Armstrong said in a Bloomberg Television interview.