Coinbase CEO: ‘Please invest responsibly’

In a Medium post, the CEO of Coinbase, one of the most popular cryptocurrency exchanges out there, is urging users to be responsible about their investments. “We also wanted to remind customers of some of the risks associated with trading digital currency,” CEO Brian Armstrong wrote. “Digital currencies are volatile and the prices can go up and down.”

The startup, which is currently valued at $1.6 billion — though undoubtedly soon to be worth a whole lot more if current trends continue — had a rough day yesterday as the exchange buckled under the pressure of a particularly hefty day of trading. For large swaths of time, the app was unavailable for many users who were unable to even check their account balance. This came as the Coinbase app skyrocketed to temporarily holding the No. 1 downloaded free app spot in the App Store…

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