Coinbase said in a blog post that it had 'no financing exposure' to collapsed crypto firms Celsius, Three Arrows Capital and Voyager Digital.
to collapsed crypto firms Celsius, Three Arrows Capital and Voyager Digital, seeking to allay fears about the impact of a liquidity crisis on its business.after a plunge in digital token prices set off a cascade of liquidations in highly-leveraged positions.
"We have not engaged in these types of risky lending practices and instead have focused on building our financing business with prudence and deliberate focus on the client." This led to liquidity issues at Celsius and Three Arrows Capital, or 3AC, two companies that made risky crypto gambles using borrowed funds.
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