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Why not? Coinbase isn't necessarily immune to a similar liquidity crisis as other crypto exchanges.
by warning26 4y ago
Why not? Coinbase isn't necessarily immune to a similar liquidity crisis as other crypto exchanges.
- VHRanger 4y agoIts not a liquidity issue so much as a banking relationship issue
- Aaronstotle 4y agoCoinbase is a public company and heavily regulated, I don't see them suspending USD bank transfers out of the blue. Binance has always been a shady exchange, so this isn't a very surprising move.
- deleted 4y ago[deleted]
- qbasic_forever 4y agoHow soon we forget companies like Robinhood that trade on the real dollar stock market did precisely that--disabled bank transfers, put in strict limits, etc.--during the GameStop/wallstreetbets fiasco a few years ago and they got away without any warnings, harm or investigation.
- tedunangst 4y agoHow quickly we just make up stuff that never happened.
- qbasic_forever 4y agohttps://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html https://www.cnbc.com/2021/01/28/robinhood-interactive-broker...
- tedunangst 4y agoQuote the part about them disabling bank transfers.
- birracerveza 4y agoHow quickly we reply with "How quickly we just make up stuff that never happened." despite the thing having actually happened.
- chollida1 4y agoI don't think its true that > > How soon we forget companies like Robinhood that trade on the real dollar stock market did precisely that--disabled bank transfers Did Robinhood actually disable bank transfers? I don't recall that happening
- chollida1 4y ago> How soon we forget companies like Robinhood that trade on the real dollar stock market did precisely that--disabled bank transfers, Can you cite a source for this claim. I'm not certain you are correct here.
- __derek__ 4y agoThe 2008 financial crisis centered on public companies that were nominally heavily regulated. As long as Coinbase's liquidity depends on a synthetic safe asset rather than actual insured deposits, it's perfectly capable of having its own Lehman or Bear or Merrill moment.
- wmf 4y agoBinance has a legality crisis and Coinbase doesn't.