Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Coinbase CFO says full contagion impact of FTX collapse still to show – WSJ
Finance

Coinbase CFO says full contagion impact of FTX collapse still to show – WSJ

November 18, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Nov 16 (Reuters) – The total extent of the fallout on the crypto business from the collapse of Sam Bankman-Fried’s FTX was but to come back out, Coinbase International Inc (COIN.O) Chief Monetary Officer Alesia Haas advised the Wall Road Journal on Wednesday.

“What we’re seeing now could be a fallout of FTX is changing into way more just like the 2008 monetary disaster the place it is exposing poor credit score practices and is exposing poor threat administration,” Haas advised the WSJ in an interview.

It’ll take just a few days or perhaps weeks to grasp the total contagion of the occasion, Haas added.

FTX filed for chapter safety in america on Friday within the highest-profile crypto blowup so far, after merchants pulled billions from the platform in three days and rival change Binance deserted a rescue deal.

The collapse has fanned fears about the way forward for the crypto business after FTX outlined a “extreme liquidity disaster”. Since then regulators have opened investigations and lawmakers have known as for clearer guidelines on how the business operates.

“We’re gonna see a drive in the direction of regulation each within the U.S. and globally,” Haas advised the Journal.

Coinbase, which many imagine is poised to realize market share from FTX’s collapse, not too long ago underwent a second spherical of job cuts this 12 months.

Cryptocurrencies have been roiled as increased rates of interest and worries of an financial downturn pressure buyers to dump dangerous property. Shares in Coinbase are down roughly 81% to date this 12 months.

Reporting by Manya Saini in Bengaluru; Enhancing by Maju Samuel

: .

Source link

CFO Coinbase collapse contagion FTX full IMPACT show WSJ
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

US SEC dismisses lawsuit against Binance crypto exchange

May 31, 2025

Truist Initiates Teva Pharmaceuticals (TEVA) Coverage with Buy, $25 Price Target

May 31, 2025

Mortgage rates spend another week stuck near 7%

May 31, 2025

Here’s Why AppLovin (APP) Fell in Q1

May 31, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

US SEC dismisses lawsuit against Binance crypto exchange

May 31, 2025

Himanta breaks silence on ‘pushbacks’ into Bangladesh: ‘The Supreme Court had directed us…’ | India News

May 31, 2025

Learn how this parasite hacks a praying mantis’ brain and forces it to die | Pets-animals News

May 31, 2025

Karun Nair makes a statement in whites, scoring an impressive 186 for India A against England Lions | Cricket News

May 31, 2025
Popular Post

Active ETFs Surge in $2T ETF Market Boom: State Street

Honeywell acquires cybersecurity provider to address manufacturing’s IoT vulnerabilities

Nvidia Unveils Next-Generation Rubin AI Platform for 2026

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.