Coinbase Says No Exposure to FTT Token and Alameda, Minor Deposits at FTX

The company said it has minimal exposure to struggling crypto exchange FTX, with just $15 million on deposit there to facilitate business operations and customer trades. Coinbase further said it has no exposure to FTX’s token FTT – which has plunged about 80% today – and no exposure to FTX sister company Alameda Research.