Coinbase Claims Zero Exposure To Genesis Trading

After the crash from FTX, Genesis is the latest company to be hit hard, and it seems that crypto companies also have to continue to deny its influence. Coinbase is one of them.

The exchange announced on Twitter that it has zero exposure to Genesis Trading.

To remember its safeguards against implosions, the exchange tweeted a copy of the paper outlining its philosophy on openness, risk management, and customer protection. It claimed that promoting a secure, ethical crypto economy and safeguarding its clients were top priorities.

Earlier, a document was released revealing that Coinbase CEO Brian Armstrong sold approximately 30,000 Class A shares for $1.6 million on November 11.

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