The CEO of the largest American cryptocurrency exchange Coinbase, Brian Armstrong, reported that the company planned to invest part of its funds in bitcoins following the example of the largest holder of the first cryptocurrency, Strategy, but then abandoned the idea.
Brian Armstrong explained the abandonment of the idea due to concerns about the company's financial well-being and the unwillingness to compete with its own clients.
"Over the past 12 years, there have definitely been moments when we thought: should we invest 80% of our balance in cryptocurrency, specifically in bitcoin? But we made a conscious decision to avoid risks."
According to the CEO of the cryptocurrency exchange, not all projects can use the strategy of Michael Saylor's company Strategy, but only those with significant free financial resources.
Coinbase will continue to increase its resources in crypto assets, not only in the first cryptocurrency, but also expand its presence in the derivatives market through the acquisition of Deribit for $2.9 billion, said the head of Coinbase.