Coinbase CEO Says No Plan to Buy FTX US

According to Bloomberg, Coinbase CEO Brian Armstrong said that trading activity on the Coinbase platform is increasing and that Coinbase currently has no plans to acquire FTX US, the U.S. subsidiary of FTX.

At the same time, Brian Armstrong said the liquidity crunch wouldn't happen at Coinbase because the company doesn't engage in "risky behaviors" and doesn't invest customer funds.