Coinbase’s Rapid Rise Left It Exposed in Crypto’s Collapse – The Wall Street Journal

Brian Armstrong, an early devotee of blockchain technology, built the cryptocurrency exchange Coinbase Global 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 2021 with a market value of nearly $86 billion.

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