Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said on Sunday that retail users on the cryptocurrency exchange showed strong resilience in the ongoing market downturn, steadily purchasing Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) during the dips.
Coinbase Encountering Retail Accumulation
Armstrong highlighted on X a rise in native Bitcoin and Ethereum units held by retail users on the platform.
“They’ve been buying the dip,” he stated. “They have diamond hands – vast majority of customers had native unit balances in Feb equal to or greater than their balances in December.”
Retail users on Coinbase have been very resilient during these market conditions, according to our data:– They’ve been buying the dip – we’ve …Full story available on Benzinga.com
