<figure class="image"><img src="/uploads/Group_1000003341_6_e2c7fd938a.png" alt="Group 1000003341 (6).png" srcset="/uploads/thumbnail_Group_1000003341_6_e2c7fd938a.png 245w,/uploads/small_Group_1000003341_6_e2c7fd938a.png 500w,/uploads/medium_Group_1000003341_6_e2c7fd938a.png 750w," sizes="100vw"></figure>CEO Brian Armstrong assured colleagues in a note that, unlike other struggling or failing crypto exchanges, Coinbase will survive since its shares were at an all-time low.“This is our moment to shine,” wrote Armstrong in a communication obtained by The Block. “It was not always easy, as we saw competitors skirt rules and rocket up in value and media attention.”Armstrong also urged employees to be “prepared to serve” customers amid market volatility, citing what he called “large withdrawals happening on Binance” as potentially a contributing factor.The 39-year-old CEO also made an effort to remind staff that Coinbase has $5 billion in cash on its balance sheet, safely holds customer assets, and has no substantial exposure to rival Binance. The price of Coinbase shares ended Tuesday's trading session below $39 per share, setting a record low.The comments come on the heels of weeks of turmoil spurred by liquidity uncertainty and crisis, bankruptcies and layoffs spurred by the collapse of multi-billion dollar crypto exchange FTX.Ever since FTX customers demanding to withdraw funds contributed to the exchange's downfall the industry has been on high alert. Binance, the world's largest cryptocurrency exchange platform by daily volume, has seen since Monday a net outflow of over $2 billion in various crypto assets, according to estimates from Simon Cousaert, director of data at The Block.&nbsp;<hr>&nbsp;Follow GaFin social channels to update the latest news<a href="https://t.me/+hKAwBs4jq6kyNGQ1">Announcement</a> | <a href="https://t.me/+zXJQsubLBVhkYWJl">Global Community</a> | <a href="https://t.me/+1JgglACQN8lkMDI1">🇻🇳Vietnamese</a> | <a href="https://discord.gg/DvR4vpE4V8">Discord</a> | <a href="https://www.facebook.com/gafin.io">Fanpage</a> | <a href="https://www.facebook.com/gr-">Facebook Group</a> &nbsp;

“This is our moment to shine,” wrote Armstrong in a communication obtained by The Block. “It was not always easy, as we saw competitors skirt rules and rocket up in value and media attention.”


coinbase ceo says market fear and volatility are a 'moment to shine”

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