[List] Crypto exchanges/lending with financial problems - page 2.

Rikafip

legendary

Activity: 1722

Merit: 5937

Quote from: Bitcoin_Arena on June 12, 2022, 06:11:15 PM

I didn't very much follow the whole Coinbase IPO thing, but I guess not, so many people would want to buy stocks that are just dropping nonstop. People want to make profits, and this includes even those founders.

Well, I wouldn't say that Coinbase stock price is dropping non stop, but more that is following the crypto market which makes sense as their profit depends on the amount of people trading there. Chances are that once we enter bull market again their stock price will start rising again so yeah, I wouldn't be surprised if their founders are buying the dip.

Regarding the title of this thread, I am not so sure that we can say Coinbase has financial problems just because they ended one quarter in negative as probably every other exchange experienced the same thing in the last quarter, its just that others are not publicly traded so we have no idea what's going on there. One positive thing I can see from this though is that some people will get scared and maybe start realizing that their money stored at Coinbase is not as safe as they think it is.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: jackg on June 12, 2022, 05:42:16 PM

I do wonder if Coinbase's cofounders have started to give up on it or whether they're buying stocks for this price.

Realistically (if they see value in it) it'd make sense for them to try to buy back as much as they can if/once it stabilises and starts to rise - or perhaps like people do with bitcoin and just buying it as it drops, they'd still do well from that.

It's always a game of profits. I didn't very much follow the whole Coinbase IPO thing, but I guess not, so many people would want to buy stocks that are just dropping nonstop. People want to make profits, and this includes even those founders.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

I do wonder if Coinbase's cofounders have started to give up on it or whether they're buying stocks for this price.

Realistically (if they see value in it) it'd make sense for them to try to buy back as much as they can if/once it stabilises and starts to rise - or perhaps like people do with bitcoin and just buying it as it drops, they'd still do well from that.

Husires

legendary

Activity: 1596

Merit: 1288

During the past month, the price was greatly affected by what happened with Luna, and now we have record inflation, expectations of economic stagnation and uncertainty, which will force many platforms to reduce employment, achieve losses and problems that may affect the continuity of their economic activity.

I will update this list soon.

\|	. Name .	\|	..... News link.....	\|	............................................ Notes ........................	\|
\|	Gemini	\|	...10% of the workforce	\|	.......we have made the difficult but necessary decision to part ways with approximately 10% of our workforce	\|
\|	Coinbase	\|	...Coinbase Lay Off 18% of Workers	\|	.......Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, Revenue was down as trading volumes fell, and active monthly users declined 19% from the fourth quarter.	\|
\|	blockfi	\|	...20% of it's workforce	\|	.......dramatic shift in macroeconomic conditions” and BlockFi’s push to become profitable.	\|
\|	Crypto.com	\|	...5% of its work force	\|	.......That means making difficult and necessary decisions to ensure continued and sustainable growth for the long term by making targeted reductions of approximately 260 or 5% of our corporate workforce.	\|
\|	ftx	\|	...Liquidity problem	\|	....... This will clear out liquidity crunches; all assets will be covered 1:1. This is one of the main reasons we’ve asked Binance to come in.	\|
\|	Binance	\|	...~10% of its balance sheet in a total vaporware token	\|	....... Binance is also holding ~10% of its balance sheet in a total vaporware token - just like FTX/Alameda.	\|
\|	Genesis	\|	...Genesis files for bankruptcy	\|	.......On January 19, Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis Global Capital, LLC and Genesis Asia Pacific Pte. Ltd., filed voluntarily petitions under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York	\|
\|	Bybit	\|	...exposed to Genesis (BitcoinTalk discussion topic)	\|	.......Bybit CEO disclosed on his Twitter account that they are indeed exposed to Genesis through there Mirana investment company	\|

Topic: [List] Crypto exchanges/lending with financial problems - page 2. (Read 367 times)