coinbase is down again during a bull run?
color me shocked.
Discussion
Assuming the worst this tactic only works for retail. But then again the narrative is that there is no retail interest. So they just have terrible tech???
I’m not convinced they have the BTC they claim they do.
I feel like their days are numbered with the ETFs and tradfi brokers as active participants. The only way to compete is with transparency and reliability and they are not scoring highly there.
Proof of reserves should be the standard. Any excuse not to show proof of reserves is BS. River has no problem doing it.
Coinbase is the devil incarnate.
“Your funds are safe but we ran out of bitcoin! Our fractional bitcoin reserve will be up in a while!” - Coinbase
Clownbase, amirite?