Coinbase has never been down on the core principles underlying Bitcoin. From day one, their only motivation has been to benefit from the ecosystem without ever

Coinbase has never been down on the core principles underlying Bitcoin. From day one, their only motivation has been to benefit from the ecosystem without ever paying attention to why it existed in the first plate nor giving back to it. Worse they have actually constructed something that goes exactly against those principles. - centralized - not your keys, not your coins - requires KYC - tracks where the BTC you deposit comes from and arbitrarily closes accounts if the don't like what they see. - tracks where the BTC you *withdraw* go and how they are used. Arbitrarily closes you account if they don't like what they see. - and now this, basically requiring KYC on the *recipients*, what a bunch of losers. They are basically ruining Bitcoin's fungibility (unfortunately one of the weak points of BTC as compared to more recent coins like zcash, monero, grin and beam). This dumpster fire of a company can't go bankrupt soon enough in my book, and it'll be a good thing for the Bitcoin ecosystem. And PLEASE don't make the simple-minded mistake the OP makes of confusing/amalgamating coinbase and Crypto. One is a random US-based corporation that leverages the lack of knowledge of their customers, specifically the fact that the so-called "service" they provide is something that provides exactly zero additional value over managing your coins yourselves. The other is permission-less, decentralized, and if managed properly quasi-anonymous money, something that - as wikileaks and the crazy run of the printing press leading to 8% inflation in the amply demonstrated - the planet needs badly.