Voyager Digital vs Coinbase

Voyager Digital was a publicly traded crypto brokerage that filed for bankruptcy in July 2022 after Three Arrows Capital defaulted on a large loan; rescue deals with FTX and then Binance.US both collapsed and the company wound down.

Payments & Financial Infrastructure

Coinbase

Largest US-regulated crypto exchange and custodian; operator of Base, an Ethereum L2 that has become a major stablecoin settlement layer.

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