Coinbase’s Rapid Rise Left It Exposed in Crypto’s Collapse

Coinbase’s Rapid Rise Left It Exposed in Crypto’s Collapse

Brian Armstrong, an early devotee of blockchain technology, built the cryptocurrency exchange Coinbase Global Inc. COIN 4.67% to be big. He hired employees by the hundreds, pushed into new markets and scaled up the number of digital tokens available on the platform. Coinbase became the largest crypto exchange in America and went public in spring …

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