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James Hancock
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Crypto - I knew the coinbase tanking was coming. Will they change?

Hi

I signed up for Coinbase instead of BInance, coz they have an uncomplicated signup and trading process. - Just credit card. I also read that Binance can shaft you on withdrawing funds. I could start up a respectable wallet for my nieces and nephews each, with grandad's help.
Then I discovered they don't trade every token and I was incensed. This was apparently a safe-guard of some kind.
I knew their stock would tank, and it has. Nimrods. What did they expect? It'd be like Tom Brady refusing to play play-action. I got a chunk of
bitcoin and Ethereium in my wallet. It has gone up a good 2 thou from a 5k and 5k purchase.

Do you think that Coinbase will set themselves right?
Thanks

* Finance* CryptocurrencyMiscellaneous

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Terry Woods

8/22/2022 - Mon
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Terry Woods

Given the effort Coinbase has gone to to be able to operate in the US and list on the stockmarket too, I think they'll play things very safe compared to some of the other exchanges operating from countries with less regulation. That means less variety of tools and coins/tokens, and lower complexity.

There was an exchange in NZ called Cryptopia that tried offering an enormous quantity of coins/tokens. It got hacked and went out of business, likely because the complexity of what they offered came at the expense of security.

I suspect that Coinbase stock will follow the crypto market in general. If crypto thrives, Coinbase probably will too. It will however also be vulnerable to legislative changes.
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