3 ms·

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.