Coinbase Global In. In its first few months as a public company, it benefited from trading frenzy and built a $ 4 billion cash reserve to prepare for stricter regulatory scrutiny.
Coinbase
coin,
According to Chief Financial Officer Alesia Haas, she has sucked some cash to survive many business risks in the crypto industry. According to Haas, the company stress-tests its balance sheet to ensure that it has sufficient funding to prepare for tighter regulatory regimes, potential cyberattacks, or reduced potential transactions. She also said she maintains additional cash as insurance against risks that have not yet been identified.
Coinbase is accumulating $ 4 billion in cash as a cushion against tighter regulation and cryptocurrency risk
Source link Coinbase is accumulating $ 4 billion in cash as a cushion against tighter regulation and cryptocurrency risk
