with cryptocurrencies The founder of BitBoy Crypto, who draws attention with his analyzes about Ben Armstrong famous exchange Coinbase warned investors that it could go bankrupt.
According to Business Insider, coinbase Temporarily stopped its affiliate marketing program in the US.
In the leaked emails sent by the exchange, the US Affiliate-Marketing Program cryptocurrency It was stated that the market will be closed on 19 July, citing the current conditions.
The e-mail allegedly sent includes the following statements:
“We are sorry to inform you that Coinbase will temporarily close its Affiliate Program in the USA, effective Tuesday, July 19th. This was not an easy decision and we made this decision due to the current crypto market conditions.”
Warning his followers and investors about this temporary shutdown, Ben Armstrong said that Coinbase may be facing a possible bankruptcy.
“Coinbase has closed its affiliate program and is getting rid of CoinBase pro. This indicates that Coinbase may have problems in the near future.
Coinbase may be facing possible bankruptcy, and if Coinbase goes bankrupt, it will cause a breakdown in the cryptocurrency industry like we’ve never seen before.”
Armstrong thinks that the probability of Coinbase going bankrupt is pretty low, but added that after what we’ve seen with Coinbase over the past few months, nothing can be ruled out.
As it is known, Coinbase’s share prices fell by about 85% from its all-time high of $357 to its current level of $53.79.
Coinbase shut down their affiliate program and are getting rid of CoinBase pro. Recent history would suggest there could be trouble ahead for CB so tread lightly.
If Coinbase were to go insolvent, this would break crypto the crypto space like we have never seen before.
— Ben Armstrong (@Bitboy_Crypto) July 16, 2022