
Coinbase CEO Brian Armstrong announced that the company has made substantial progress in addressing account freezing issues that have long affected users. The firm has reduced unnecessary account restrictions by 82%, with most cases now automatically resolved within hours. Armstrong emphasized that fixing these problems remains a top priority, and Coinbase will continue to optimize the process. This improvement has been supported by updates to machine learning models aimed at decreasing account lockouts. Additionally, Coinbase currently facilitates over $300 million in active loans, powered by Morpho, highlighting ongoing growth in its lending services.
$300M+ in active loans via @coinbase. Still day 1. https://t.co/pkbd9YsTeI
$BITCOIN holders have lent out 5M $USDC in the DeFi space, HPOS ๐ด. https://t.co/jaCAT1wahP
Frozen no more: Machine learning model updates have helped Coinbase get account lockout instances down: https://t.co/LxMhh55k23



