'This is a MAJOR red flag.'
And if the latest news is anything to go by, both are preparing for tough days ahead, with or without a bankruptcy filing.
Most recently, Coinbase secretly announced it's "temporarily shutting down" a US-based program that pays influencers and publications to shill the platform, according to leaked emails"We regret to inform you that Coinbase will be temporarily shutting down its Affiliate Program in the United States with an effective date of Tuesday, July 19th," the emails read.
The email blamed "crypto market conditions and the outlook for the remainder of 2022" — but the implication seems to be that the company no longer sees paying a modest commission for new users as a worthwhile investment, and that has experts concerned.investor Nate O'Brien. "This is a MAJOR red flag. I fear that a liquidity crisis is on the horizon.". "But they aren’t willing to even pay $5 for a new user? Feels strange to completely shut down the program.
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