Only problem is: if Coinbase does this, they can offer a return on deposits — unlike exchanges who refrain from staking their users’ funds. Additionally, Coinb

Only problem is: if Coinbase does this, they can offer a return on deposits — unlike exchanges who refrain from staking their users’ funds. Additionally, Coinbase would be able to sell its future profits (from staking) in the futures market, and use the proceeds to honor an unexpectedly high demand for withdrawal. But why would users want to withdraw? They’re making more money by having their funds deposited with Coinbase than if they stored it themselves.