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After Coinbase Affiliate Program Suspension, Rumors of Crisis Emerge

Angélica Añez, redactora en Criptokio By Angélica Añez Jul 19, 2022 #Coinbase

✍️ 27 March, 2023 – 4:30 👤 Editor: Jakub Motyka

  • Coinbase suspended its affiliate program, which has generated strong rumors of a liquidity crisis.
  • On this Brian Armstrong assured that the company is sufficiently capitalized to weather the crypto winter.
  • However, many users are beginning to suspect that the company is insolvent.

Coinbase has decided to suspend its affiliate program, which has generated rumors about a possible liquidity crisis. Many users in the crypto community have pointed out that this measure could be a strong indicator of the company’s insolvency. Kurt Wuckert JR, renowned influencer of the social network Twitter, highlighted that the exchange already had closed its “Pro” version before the affiliate program.

Wuckert, as well as other cryptocurrency influencers, believes that Coinbase has shown many symptoms of a possible liquidity crisis. On this, BitBoy assures that, if true, insolvency from Coinbase would “break the crypto space” in a way never seen before.

How Has The Coinbase Community Reacted To The Rumors Of The Liquidity Crisis?

Despite constant rumors from Twitter users and influencers about Coinbase’s possible liquidity crisis, a part of its community remains firm. Many say it’s just FUD, or fear, uncertainty and doubt, and point out that it’s natural for companies to cut costs during a recession. Crypto lawyer John Deaton, for example, believes industry leaders would “never allow a Coinbase bankruptcy” because of the ripple effect it would trigger in the market.

Coinbase CEO Brian Armstrong has done his best to quell the rumors by ensuring that the exchange is well capitalized. He noted that “in past downtrends we took the lead and consolidated our holding, staying focused. Recessions make the best companies even stronger, and this will be no exception for us.”

E-mail: angelica@criptokio.com

ES: Tras varios años escribiendo, lo que más disfruto de redactar es aprender. Poco a poco voy entrando más en el mundo de los criptos y conociendo más sobre el tema, interesándome especialmente los NFT y todo lo relacionado con el arte como token.

EN: After several years of writing, what I enjoy most about generating new content is learning. Step by step I am entering more into the world of cryptos and learning more about the subject, especially interested in NFTs and everything related to art as a token.
Angélica Añez
Latest posts by Angélica Añez (see all)
Angélica Añez, redactora en Criptokio

By Angélica Añez

E-mail: angelica@criptokio.com ES: Tras varios años escribiendo, lo que más disfruto de redactar es aprender. Poco a poco voy entrando más en el mundo de los criptos y conociendo más sobre el tema, interesándome especialmente los NFT y todo lo relacionado con el arte como token. EN: After several years of writing, what I enjoy most about generating new content is learning. Step by step I am entering more into the world of cryptos and learning more about the subject, especially interested in NFTs and everything related to art as a token.

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