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.
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
XRP rockets 11% to nearly $2.40 as Ripple-linked ETFs see highest trading volumes
Spot XRP ETFs in the U.S. saw $48 million in inflows, pushing cumulative inflows past $1 billion since their November launch.
What to know:
- XRP surged to nearly $2.40, driven by heavy institutional trading and a shrinking supply on exchanges.
- Spot XRP ETFs in the U.S. saw $48 million in inflows, pushing cumulative inflows past $1 billion since their November launch.
- The rally is supported by a shift in market sentiment due to a more favorable U.S. regulatory environment and recent SEC changes.
Top Stories
