Share this article
Coinbase CEO Pens Words of Caution to Crypto Newcomers
Brian Armstrong provided words of warning to new cryptocurrency investors amid bitcoin's latest climb to fresh all-time highs.
Updated Sep 14, 2021, 10:44 a.m. Published Dec 17, 2020, 1:50 a.m.
Make us preferred on Google
Coinbase CEO Brian Armstrong provided words of warning to new cryptocurrency buyers amid bitcoin's latest climb to fresh all-time highs.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In a blog post on Wednesday, the CEO of the leading cryptocurrency exchange said he and his company take a "long-term view of the market" while emphasizing that cryptocurrency investing was "not without risk."
"While we’re always excited to see increased interest in crypto, it’s also important to point out that this is not only a time of high volumes but also price volatility," Armstrong wrote. "The market can move in either direction much faster than equity markets."
Armstrong also cautioned investors who might be focusing on short-term speculation and encouraged his customers to "seek out resources" and consult financial experts in order to obtain a better understanding.
See also: Coinbase Brokered MicroStrategy’s $425M Bitcoin Purchase, Exchange Says
The CEO also alluded to Coinbase's multiple outages this year as the exchange has struggled to keep up with a flood of traders looking to capitalize on bitcoin's high volatility.
"Although we may occasionally fall short, we will always do our best to address our shortcomings and transparently communicate any information that our customers need to confidently manage their accounts and make informed trading decisions," Armstrong wrote.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
Top Stories
