Bank run on Coinbase
100% chance crypto is the next wave of bank runs. And no way in hell FDIC or SIPC or whatever will do anything special for your dogecoins. Get out of exchanges asap.
why would it matter to coinbase (an exchange) if people move out all cryptos to other exchanges/cold wallets from coinbase? trying to understand how it is similar to a bankrun (and its effect on bank’s ability to do business).
+1
What do you think they do with the crypto you leave in their exchange wallets? Hmm
Bank runs happen because banks use your money to invest somewhere and then they fuck up. Why and how would anyone use your crypto that you already bought.
Staking maybe?
Uh look into what exchanges do with your coins
Basically on top of charging you fees they spend your money on investments and hope you won't notice cause they mix your stuff with everyone else's.
This is how every broker operates. Robinhood, Fidelity, you name it. May as well invest purely in real estate if the financial market shenanigans cannot be trusted.
Real estate is fueled by the financial shenanigans, lol. You think the majority of RE is cash-based transactions? Everything is fueled by debt.
We're 3 weeks away from a potential all time high for BTC. So, no, Coinbase will do fine.
Why do u say that? What’s happening in 3 weeks
GMeV03 is dumping all his BTC that's why he is trying his last pathetic shill
The reason why crypto surged is because of the bank runs. They exist to counter the banks.
Haven't worked at Coinbase we kept enormous floats in cold storage that can handle whatever bank run you're thinking of. Might have to halt trading to swap that money in for a bad spot (I've been paged to deal with balance issues like that before), but they're really secure, at least at the time I was doing that in 2020. It's a terrible company for several other reasons, but financial stability is not it. Please criticize them correctly.
I never invest in crypto
Neither do crypto fans. They gamble.
Microsoft one deserves an award. Right on spot