The difference here is that the bank never has any ownership of what’s in the safe deposit box. When you buy crypto with coinbase, they hold that crypto in a c

The difference here is that the bank never has any ownership of what’s in the safe deposit box. When you buy crypto with coinbase, they hold that crypto in a custody account they have keys to. It’s not guaranteed how the court would rule on distributing those assets in case of bankruptcy. From the article “it is possible, however unlikely, that a court would decide to consider customer assets as part of the company in bankruptcy proceedings even if it harmed consumers”.