Fraud is a big part of any business with payments, but particularly crypto since if a fraudster can use a stolen credit card to acquire crypto and send it off p

Fraud is a big part of any business with payments, but particularly crypto since if a fraudster can use a stolen credit card to acquire crypto and send it off platform before it's reversed, and Coinbase cannot reverse that loss like you can do with traditional financial systems. To make up for this, the risk & fraud team at Coinbase does incredible work to have very low fraud rates compared to other tech companies and has specific product features to help mitigate this too. For example, one of those is that when you buy with certain types of payment methods, you can't actually remove the asset from the platform until after some computed period of time. That value is based on a variety of factors powered by some fancy ML stuff and other things to help reduce the risk of loss. Actually recently an ex-Coinbase employee founded a new startup offering fraud-prevention as a service (https://www.sardine.ai/ https://www.sardine.ai/). In short, Coinbase is very good at reducing fraud on the platform and invests a lot in improving that.