Yes but it's important to note that the FDIC insurance is only for your USD-denominated balance. Your BTC (or all crypto?) balance is insured by Lloyd's. I as

Yes but it's important to note that the FDIC insurance is only for your USD-denominated balance. Your BTC (or all crypto?) balance is insured by Lloyd's. I assume this is only insured against thefts/failures of Coinbase's, so if your balance were stolen by attackers who had your Coinbase credentials I suspect your balance would not be covered. But this might be similar to your liability from normal online banking fraud/theft? The fact that Coinbase pays those private insurance premiums makes them the no-brainer suggestion to people who are considering holding some BTC.