Chapter 11 Bankruptcy Protection
Chapter 11 bankruptcy protection is a type of bankruptcy filing under US law that allows a business to restructure its debts and operations while remaining operational.
It is often referred to as "reorganization" bankruptcy, as the goal is to reorganize the business and emerge from bankruptcy as a viable entity.
Chapter 11 bankruptcy protection provides a number of benefits, including:
- Automatic Stay: a temporary halt to all creditor collection activities
- Debt Restructuring: the ability to renegotiate debts and payment terms with creditors
- Operational Control: the business is allowed to continue operating, with the debtor-in-possession (the company itself) maintaining control
- Protection from Creditors: protection from creditor lawsuits and collection activities
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What is the biography for Brain Armstrong, CEO of Coinbase?
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Market Capitalization of Coinbase:
As of February 25, 2025, Coinbase Global, Inc. has a market capitalization of approximately $52.03 billion.
Number of Customers:
Coinbase has over 108 million customers worldwide as of 2025, with 10.8 million actively exchanging every month.
Volume of Crypto Trading:
In Q1 2024, Coinbase processed a total trading volume of $312 billion, with $56 billion from retail customers and $256 billion from institutional investors. The 24-hour trading volume on Coinbase Exchange, as reported on September 25, 2024, was approximately $1.02 billion, though this figure can fluctuate significantly.
Rolled out in early January 2025:
Coinbase has introduced USDC loans with Bitcoin as collateral.
The loans are available for US customers.
The loans have no fixed repayment and they auto-adjust based on the activities on Base.