Coinbase dey face backlash for US Army sponsorship, e dey raise concern about brand alignment for crypto community
Coinbase, one big US crypto exchange, dey face wahala after dem sponsor US Army event for Washington, D.C.—this move no gree with crypto matter wey dey promote decentralization and no join hand with government. The wahala start as political division dey high and na the same day former President Donald Trump birthday, e make people for social and crypto media talk tori pass. Big people for crypto community like venture capitalist Adam Cochran talk say Coinbase don move comot from their public talk wey say dem no get political side and say dem dey join government kind work. E make people fear say as dem dey join military event, e fit push their main users go and stop new pipo wey like crypto values from joining. This matter continue show say wahala dey between main adoption and wetin community dey expect about company ethics and how dem dey do branding. Coinbase wey get history for political later, like political donations and lobbying, now dey face gbege for their name, fit affect how market and trading for their platform go be. No other big cryptocurrencies join the gbege directly.
Bearish
Public gbe gbe to Coinbase for sponsoring US Army event fit cause wahala for their name wey fit make both old and new users wey like decentralization and make government no get hand for their matter fear use. Investors reaction, like big people wey commot publically from Coinbase position, dey show say fit get short term bad mind for the exchange token or the things wey dem list. For crypto sector, name and community trust matter well well, so when people start to argue the main values, e dey usually make sales go up, especially for platform related goods. Although no other crypto dem dey affect now, the bad eye wey dey on Coinbase fit cause short term wahala and bad market feelings till the wahala comot or dem solve am. For long term, how Coinbase go handle this wahala and community relationship go fit affect their bigger success and how many people go dey use am.