tldr; Coinbase said it had no counterparty exposure to several collapsed crypto firms, seeking to allay fears about the impact of a liquidity crisis in the industry on its business. "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," it added. Shares of the company closed up more than 14% on Wednesday.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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