Coinbase Exchange Now Exposed To Rumors Following KuCoin and FTX

• Coinbase Pro has encountered a problem with the USDC trading pairs.
• Coinbase shutting down its affiliate program.

Coinbase the largest cryptocurrency exchange announced that temporarily shut down its affiliate marketing program by July 19, 2022, due to the current instability market condition. Despite providing a specific date, the crypto exchange stated in the emails that it expected to restart the program in 2023.

According to the Report from Markets Insider, For publications and influencers in the US, Coinbase is temporarily shutting down its affiliate program but still, it’s unclear. Coinbase exchange has $98 million verified users, $309 billion quarterly trading volume, and $256 billion in assets. 

The leaked email said;

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. “This has not been an easy decision, nor was it made lightly, but, due to crypto market conditions and the outlook for the remainder of 2022, Coinbase is unable to continue supporting incentivized traffic to its platform.

These marketing affiliate programs are managed either directly by the company or by a network of affiliate marketers like Impact or CJ Affiliate. Coinbase’s affiliate marketing program was launched in 2019. Impact and the program enable the exchange to engage with influencers, cut costs, and keep track of sign-ups.

USDC Trading Pair Missing 

Recently, users of Coinbase Pro have encountered a problem where the USDC cryptocurrency trading pairs are missing or the USDC balance is displayed as 0. The problem is only a technical error and consumers didn’t actually lose their USDC funds but users are unable to place transactions because the balance is displayed as 0. 

On June 14, Coinbase CEO and co-founder Brian Armstrong declared that the company would be terminating 1,100 employees or 18% of its workforce.

Recommended for you