Yes, that is how it would work if Coinbase was regulated as a custodian. Have you confirmed that they are indeed classified in this way, and that your crypo hol

Yes, that is how it would work if Coinbase was regulated as a custodian. Have you confirmed that they are indeed classified in this way, and that your crypo holdings are indeed covered by that classification? Or are you duck-typing Coinbase as a securities/brokerage firm based only on "look" and "quack"? (where "look" was a quick look without going into the difference between crypto assets and regulated securities issued by a regulated public company)