Coinbase August 2022.pdf Page

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In August 2022, Coinbase navigated a severe market downturn marked by a 60% crypto market cap drop and increased regulatory scrutiny, including a Congressional letter and class-action lawsuits. Despite reduced retail activity and workforce challenges, the company prioritized institutional onboarding via Coinbase Prime and published a white paper advocating for stablecoin regulation. Coinbase August 2022.pdf