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Presumably they'll charge you a fee to buy, sell and trade it just like any other asset. If coinbase is involved in keeping the reserve, they can invest it vari
by larrysalibra 8y ago
Presumably they'll charge you a fee to buy, sell and trade it just like any other asset. If coinbase is involved in keeping the reserve, they can invest it various assets and keep the earnings - think money market fund, but you don't earn any interest - coinbase/circle keep the interest.
- seanalltogether 8y ago> If coinbase is involved in keeping the reserve, they can invest it various assets and keep the earnings If that's the case I wish they were up front about that fact. I think its completely reasonable that they would keep any earned interest as compensation for managing the coin, so just be honest about it.
- deleted 8y ago[deleted]
- kaffeemitsahne 8y agoI don't see any reason to assume they will pay interest on the USD in custody, nor do they claim to do so, which makes them 100% honest in my book.