How could Coinbase go bankrupt despite having some of the highest fees in the industry which are almost a daylight robbery? How bad do they have to be with their finances! As for Fortune, I have seen dumber things published by these so called financial media.
!PIZZA
Posted Using LeoFinance Beta
They aren't in any financial trouble. They are just required to disclose that if they got in trouble, funds would be subject to creditors.
Posted Using LeoFinance Beta
Poor management and using the fees to pay exorbitant salaries come to mind!
A very plausible scenario. We have seen this with companies again and again. Coinbase still have some very good profit margins. I don't think we will see a bankruptcy anytime soon.
!PIZZA