Coinbase, the leading US-based exchange, is working to regain user confidence in response to a major issue of account freezing. Users have expressed frustration over unnecessary freezes and difficulties in recovering their accounts despite submitting all required KYC documentation. CEO Brian Armstrong announced a significant reduction in account restrictions by 82%, thanks to the efforts of Dor Levi, a recent addition to the team. Levi outlined improvements in machine learning models, infrastructure, and self-service tools to minimize freezes while ensuring compliance. Industry experts cautiously welcomed the news, acknowledging the potential impact on Coinbase's reputation. Despite progress, challenges remain in rebuilding trust among retail investors. With ongoing updates and a commitment to transparency, Coinbase aims to position itself not just as a crypto exchange but as a reliable platform for businesses to manage capital securely. Read more AI-generated news on: https://app.chaingpt.org/news