Something’s amiss at the largest US-based crypto exchange Coinbase, but it’s not yet clear whether that means the company is insolvent, as the rumors circulating across the cryptosphere imply.
Giant Red Flag: Coinbase Terminates U.S. Affiliate Program
Coinbase, which CEO Brian Armstrong helms, is winding down its affiliate market program in the United States, according to a report by Business Insider.
The publication reported emails from three different creators revealing that the leading crypto exchange will temporarily shut down the program on July 19.
Coinbase allegedly cited the current crypto market conditions and the overall negative outlook for the rest of this year as the rationale behind this decision. Although it did not provide an exact timeline, the company hopes to relaunch the affiliate platform in 2023.
Crypto YouTuber and BitBoyCrypto founder Ben Armstrong cautioned investors that recent history suggests there could be trouble brewing for Coinbase, so they should “...
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