What Does FTX’s Failure Mean for Coinbase? There Are Pros and Cons.

The shocking collapse of FTX has slammed the crypto market and raised alarms within the industry amid fears of a looming regulatory crackdown. For fellow cryptocurrency exchange


Global, the disappearance of FTX—once the second-largest trading venue—has other implications.

FTX’s failure offers both pros and cons to


(ticker: COIN). While competitive pressures—including from FTX—have been a key challenge for the broker this year, Coinbase is likely to gain less from losing such a rival as one might think. The failure of FTX also brings with it some significant baggage.