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“All USD balances are covered by FDIC insurance”; most people aren’t using them as a USD bank account. Crypto assets aren’t covered by this.


> most people aren’t using them as a USD bank account. Crypto assets aren’t covered by this.

There are lots of people who keep USD there with open flash crash orders. Of course if Coinbase fails, the prices may basically flash crash to zero and your orders will be filled, and then you are no longer FDIC insured.


Ahhh, good catch. Maybe it's time to buy a Ledger.




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