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Whats the difference between FTX and Coinbase for example? Couldn’t coinbase pull the same move?
by tartoran 4y ago
Whats the difference between FTX and Coinbase for example? Couldn’t coinbase pull the same move?
- colechristensen 4y agoCoinbase is a public company trading in the US, they are registered and regulated by the US. Reporting and auditing requirements make this kind of fraud much less likely and punishable earlier than collapse. Shareholder groups or the SEC suspecting this kind of fraud have many avenues to prevent, change, and punish this kind of fraud. FTX was based in the Bahamas.
- TedDoesntTalk 4y agoYep Coinbase is traded on NASDAQ and is subject to heavy regulation and reporting.