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Your Crypto News Today > Exchange > Coinbase CEO Breaks Silence on Exclusive Major New US Exchange Feature
Exchange

Coinbase CEO Breaks Silence on Exclusive Major New US Exchange Feature

July 2, 2025 2 Min Read
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Coinbase CEO Breaks Silence on Exclusive Major New US Exchange Feature

Coinbase is testing a brand new improve geared toward its most respected customers, and this time, CEO Brian Armstrong himself is confirming what’s behind the scenes. It’s about Coinbase Concierge, a premium assist program that provides top-tier shoppers entry to devoted human advisors for hands-on assist, sooner problem-solving and tailor-made strategic assist.

Just a few thousand individuals at the moment have entry to Concierge, however the early suggestions has been actually constructive, says Armstrong.

The brand new service is being rolled out slowly to Coinbase One Premium subscribers and high-net-worth shoppers, and it’s separate from the trade’s commonplace 24/7 stay chat and cellphone assist.

As CEO says, the plan is to spice up confidence and supply a extra personalised, reliable expertise.

Coinbase assist breach

Simply a few weeks earlier, Coinbase had a serious safety disaster. It was reported in Could that cybercriminals had bribed and recruited assist contractors in different international locations. The attackers used social engineering techniques to get ahold of the non-public knowledge of lower than 1% of customers.

No personal keys, passwords or cash have been accessed, and it seems to be like Prime accounts have been untouched, however the injury has brought on severe issues.

Individuals like Michael Arrington, the founding father of TechCrunch, stated the breach may have actually horrible penalties, because it concerned issues like individuals’s dwelling addresses and account balances being leaked. The implications are extreme: stories have linked such leaks to real-world kidnappings and extortion makes an attempt focusing on crypto executives and their households. In some instances, victims have been mutilated or held for ransom.

On the similar time, the trade is dealing with authorized points. A lawsuit was filed in Illinois, claiming that the trade breached the state’s biometric privateness legal guidelines. This has put much more stress on the trade to revive belief.

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