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Not only that, but if coinbase catches you doing this, they will immediately lock your account.

• everfree 4y ago
  If they catch you doing what?
  • latchkey 4y ago
    Trying to arb usdc.
    • everfree 4y ago
      Do you have a source for that? It seems like it would generally be in Coinbase and Circle's best interest for people to arb USDC (at times when redemptions are live).
    • mike_d 4y ago
      You mean trading assets for other assets to turn a profit, literally the entire point of Coinbase Pro?
      • latchkey 4y ago
        No, I don't mean that. CBP is fine for them, since they earn fees on it. If you pull your funds off CB into a DEX and then do the arbitrage, that's when they get unhappy. Yes, that's happened to someone I know. Their account was locked as soon as CB figured out that is what they were being used for. They don't like just being a fiat ramp since it doesn't earn them anything.