Coinbase CEO Brian Armstrong asked his customers to be careful about the extreme volatility in cryptocurrencies.
The US-based digital currency exchange Coinbase has recommended that financial advisors be consulted before investing in cryptocurrencies.
In an official blog post on Coinbase, CEO Armstrong outlined the risks associated with investing in cryptocurrency and pointed out that digital assets are more volatile than traditional financial instruments.
Armstrong stated that cryptocurrencies can move up or down much faster than stock markets. The CEO explained that it is also important to learn about the negative risks of investing in digital assets.
Coinbase CEO added that the crypto market has a lot of potential but is still in its early stages.