Coinbase Global will write off its venture capital arm's investment in cryptocurrency trading platform FTX in 2021, Reuters reported, citing people familiar with the matter. Coinbase said Tuesday that it has $15 million in deposits with FTX, which it uses to facilitate business operations and customer transactions, but its total exposure is minimal. Coinbase plans to participate in FTX’s bankruptcy reorganization proceedings to seek claims for these deposits, the sources said. FTX filed for bankruptcy protection in the United States yesterday.