CB

dormango

I don’t know where this has come from but what was being traded by the insider? Was it crypto or CB stock? There’s no source and it isn’t at all clear what has happened.

beelo50

When will ETH2 be tradable on CB?

Glyphmeister

The crypto issuers selling the coins to initial investors (via ICO) is the primary market. Coinbase doesn’t “create” AMP coins, for example, they are secondary to the ICO. So if an investor is buying AMP for the first time via Coinbase, the coin they bought originally came from the primary market between the issuer and buyer. The SEC here is not saying that CB is a promoter, they are talking about the coin issuers.

stringfellowpro

This is confusing me a bit, but also not my personal area of expertise. How is CB a secondary market if it’s where investors bought the coin initially? And how would selling a token drive up its value? Did CB ever say anything like that to investors?

hollyberryness

I friggin knew it. I watched so many CB listings and it was blatantly apparent there was inside stuff going on, and you could see it progress. Late last year you could at least catch and ride the wave, but slowly the pumps came earlier and earlier until they pumped before and announcement of listing and of course some savvy crypto person caught it finally on Blockchain. Get rekt scammer

5553331117

Only 1 actually worked for CB though, the other 2 were family and an associate

Waddamagonnadooo

This is based on what was written in the OP. I’m inferring he was caught because he tried to flee, and/or CB already had some suspicion he was the one.

VELOCIRAPTOR_ANUS

Wow - it's wild cause if you were trading those new lists on CB you'd pretty regularly see those assets jump 100% prior to list day, using decentralized exchanges like uniswap. I'm pretty sure a lot of us regular traders figured there had to be some insider trading going on, I know my circle joked about it. But here we are, and so it was.

Waddamagonnadooo

It actually wasn’t being anonymous that was the issue, it was the fact someone noticed on the blockchain the account bought exclusively to-be-listed CB assets right before the listing. Then CB started doing interviews on the asset team and when he tried to flee (the entire team was probably already on a no fly list for the time being) it confirmed he was the one and they pulled all his texts.

milehigh89

he definitely was guilty, but the question is was he part of others doing the same thing. there's no way CB's insider trading is limited to one guy.

DystopianFigure

How so? Sounds like CB found out about this by interviewing every single person who who had access to the listing info. Article mentions they traded using other people's information and multiple wallets.

Waddamagonnadooo

Yes, he did several incredibly dumb things: 1. Leaving a electronic trail - he should have met his homies in person 2. Buying exclusively the coins to be listed, which is too obvious 3. Tried to flee - this probably confirmed to CB/law enforcement he was the one They probably got too lax as they successfully did it 13 times prior lmao.

Chuyito

They only caught the ones from April. In March, CRPT did a 100% pump out of nowhere that my bot was going nuts selling because it had no news backing it. 1 day later CB listing announced and it did another 500%. Active Traders have been seeing this happen for years on coinbase listings.

milehigh89

he might be the fall guy, the CB pump and dump on a new listing was as predictable as the tides.

Bwizz6

completely reasonable approach - i have often seen this play out differently though , overspending is easy obviously and having your line of credit attached to a crypto exchange can be a bit nauseating ; i guess if its Binance , CDC or CB you should be ok.

Magnus_Effect_Kalsu

Hilarious. Sounds like CB rooted out a rotten seed.

smarshall561

I've been using Google pay on CB since I joined over a year ago

Fragmented_Logik

Explains why that CB Wallet hasn't made many moves recently lmao.

Scipio_Americana

The cut in APY for staking ETH2 on CB doesn't seem so bad anymore. They are the only CEX I trust for better or worse. Their customer support is almost non-existent, CB One is a pointless money grab, CB Wallet's UX is awful, their fees aren't great but at least they'll take ACH, are publicly traded and are clearly making *mostly* good financial decisions.

Brucifer99

I’m guessing you haven’t made many if any transactions on the blockchain only trading around on CB. So now that you are actually going to use it you’re nervous. The sooner you get familiar with sending and receiving across the network the better. Just verify the first 5 and last 5.

DefiantHamster

There was always pretty solid speculation that it was an exchange wallet and many guesses put it on coinbase. It's what I've always thought. Someone connected the dots on it being a collateral wallet that CB carried for its customers based on some transactions last week.

callunquirka

I wonder if they're gonna sell or use CB as a mixer.

jmtaveira

I did nothing , it's a recent wallet , I never had issue with CB . I sent a email .

dormango

How long have you been with CB?

jmtaveira

I tell you what I did, I just bought 0,03 BTC at around 22,7k and immediately sent to my wallet. I even refreshed the assets page and saw my money being moved , after 1 minute I got Disconnected from CB and saw I can no longer login " your account has been deactivated" :(

zfiregodz

Wait until more people read that Coinbase had exposure to them. CB is one of their major investors. Curious to find out how much CB lost in this collapse.

Acidhoe

Lol another article says this, because of course they did >The CEO of Thai crypto exchange Zipmex denied rumors of financial trouble just moments before the group announced it would pause withdrawals on the platform. But also CB tried to buy them earlier this year and when they couldn't, they invested in them. But I can't see anywhere how much

ReSyko

limit order is not a stop loss order, it needs to say stop loss for it to function the way you wanted. I think CB advanced trading has it now but not pro.

laulau9025

CB is one of the bigger CEXs and is allowed in NY. But, it´s not without reason that "not your keys, not your coins" is repeated this often. If you want to be 100% sure, there´s only 1 thing to do..

sizzlingrecourse46

The real question is, if anyone can confirm or deny the rumors about the bankruptcy of CB. Comments with any real data much appreciated

BlazeDemBeatz

It’s listed on CB advanced trading as a limit order it seems.

HANDSOMEHISOKA

Any solid platform would survive through FUD and investors pulling out their coins. CB can do it, hopefully.

TripleReward

Yes. CB sucks and always has. I dont get it why anyone would use them.

Alfador8

I think Kraken would be an option for you, and I'd definitely recommend them over CB or Binance. Hopefully someone from the UK will chime in with actual knowledge of the best exchange available for you

BlubberWall

Yep you hold the keys to CB wallet. If CB died tomorrow they would be safe. It’s just like any other private wallet, definitely safer than keeping it on an exchange. I just prefer hardware wallets over software only. If you hold large amounts and don’t plan on day trading, you gain nothing by leaving it on an exchange. You only take on the small risk that the exchange dies. Holding in private wallet removes that risk

Catfishnets

Coinbase Wallet is non-custodial, right? So wouldn’t that be another safe option? You have your keys, so you could recover your coins if something happened? I’m still learning about all this, and trying to decide if there’s a significant benefit to holding assets in CB Wallet vs the CB Exchange

21carlito

you probably should be worried that there might be an "issue" with your account and that things get frozen. you probably should be worried that your CB account gets hacked if you have poor security. you probably should be a little bit worried about insider fraud/mis-management/poor investment bets. ... but why not just get a hardware wallet, learn to use it and sleep easy?

Rock_Strongo

> you bought $100 of BTC with USDC but the purchase read as 99.60 of BTC with no fees listed. Very misleading. That's because they still have a spread on CB purchases. This is so that they can advertise you a price and have it not change before you confirm the purchase (and also, so they make more money). The $30/month really only makes sense if you're DCAing large amounts and don't want to be bothered to manage it yourself with limit orders. It also comes with instant access to support so if you ever do find yourself needing support it might be a good time to pop that trial. Personally I haven't seen enough value in it to justify the subscription. Seems very situational.

BlazeDemBeatz

Yup, had I paid for it, I would’ve been disappointed. They charge you $30 and you still get charged for all your internal trades. The only way you: actually save or break even is if you were buying $5,000+ of crypto a month and paying the base CB fees.

BlubberWall

Use normal CB with the advance trade mode, same fee structures as pro, and pro is being sunset. Better to preemptively move your assets over than to wait for the automated process CB one would make sense if you are spending more than $30(?) a month on fees consistently, but otherwise not

BlubberWall

Italy has been on a crypto roll recently. Binance, CDC, CB, and kraken all just got operational licenses there within the last few weeks as well

filenotfounderror

Its different in the sense its more stable, sure. Is Gemini likely to go bust? no. Their business model also inst centered around lending, its an exchange. is it impossible for them to go bust? no. it is a risk. a small risk, but still a risk. Holding your own coins is also a risk. If youre stupid or lazy, its probably a bigger risk than holding it on Gemini with 2FA enabled, despite what some people here will tell you. Spoiler, most people are stupid and most stupid people dont consider themselves stupid. The reality is if Gemini, CB, Kraken,, Binance, ETC.... go bust, a;; you crypto is heading to 0 anyway, so you wouldnt have really lost anything since you can buy it all back for pennies.

StellarLumens2Moon

CB has A LOT invested in it so even IF it does go bankrupt it’ll be the lash exchange to do so

CryptoDad2100

Pro is a separate product. CB now has Advanced Trading and is moving people over voluntarily (for now). CB Pro will eventually be sunset. The shutdown date hasn't been announced, but I suggest moving to CB now. Advanced Trading has all of the bells and whistles of Pro (even more actually) and the same fee structure as Pro, with the added benefit of not having to move funds between 2 platforms.

akatsuki1422

I'm out of the loop. What's going on with CB Pro? Should I transfer over to Coinbasedotcom?

WingChungGuruKhabib

Think you are indeed just being the conspirator. Gemini laying off 10% is just not as big of a deal compared to CB. Compare the volume of both exchanges, CB has around 15x the volume compared to gemini.

d_d0g

I didn’t mean to sound like I was suggesting leaving money on any exchange. Just my opinion I think they’re a solid company as well. I use CB for the 4% XLM card rewards but used Crypto.com for most of my other transactions.

Hot_Ad8921

If CB falls, don’t worry you can just buy all the crypto you had for $50-100

BlubberWall

Weird how every exchange/institution being FUD’d recently have either related tokens/coins or stocks. What’s had rumors spread recently? Nexo ($Nexo), kucoin ($kcs), Coinbase ($coin). Notice that Gemini just laid off another 10% of employees, and we see no influencers ranting on about how that’s part of an underlying problem for them. I’m not saying it is, but when CB did that it was “a sign the exchange was falling apart”. IMO it really looks like these assets are being shorted and rumors spread. I wouldn’t be surprised if binance FUD starts firing off since they have $BNB. But maybe I’m just being conspiratorial

JustCryptastic

Hope for the beat, plan for the worst. If your crypto holdings on CB aren’t earning you interest, then you really should move it to a non -custodial wallet. If you are earning interest on CB, DYOR and see if you can earn same or better apy than CB via your non-custodial wallet (e.g. ledger). If you can, move it to your non-custodial wallet. You should be looking to de-risk your investment strategy as much as possible, or at the very least recognize and accept the risk if shooting for the moon

RakDizzle

Ur absolutely correct. Ppl lost their minds with that even tho it’s common with every trading platform I’m aware of. If u look at CB’s numbers, especially the unsecured creditors, they seem solid. Almost like they learned something from the Celsius/ Voyager fiascos.

passphrase

People generally tend to anticipate negative news but I don't think they really want CB to fall either.

Rock_Strongo

People have been spreading FUD on Coinbase since 2012 and aside from their customer service leaving much to be desired they have been a safe place to store your crypto for 10 years now, including in bear markets. I have not had a single issue aside from their servers getting hammered in high volume environments (up or down). I paid a bunch of money in fees to move to hardware wallets but actually found myself more worried about theft/loss since I move around a lot so I just moved everything back to CB.

Dam_Sam_Iam

Really? CB its .002 I believe last I moved some off the exchange

emptyzed81

There's no reason not to have a wallet. If CB ate shit then most exchanges would too and crypto would be worthless. Well I mean it kinda is already lol but it wouldn't really matter anymore at that point, it would just be a failed investment on your part and you move on.

BlubberWall

Voyager also had a lending interest program. CB does not. Lending programs do not stop something from being public, but CB directly claims to be fully backed (non fractional and therefore can not lend users assets). Because CB claims this, it would be defrauding investors if it was a lie. They were audited by the SEC when they went public, and they were compliant with their stated user agreement.

The_Terribke_Puddle

CB is a public company. I think we'd know if they were going under.

BlubberWall

Bitboy wanted more views, jumped on them sunsetting CB pro as a “red flag”. It’s all nonsense, wouldn’t be surprised if the big names talking about it also have shorts lined up on $COIN

tromix1

Bankruptcy proceedings backdate 90 days from filing. If CB goes tits up, then everyone fleeing within the last 90 before the formal filing date are in danger.

Ateam043

I’ll just buy all my assets back for like $20 since everything would go down another 90% if something happens to CB

BlubberWall

CB is the only publicly traded exchange. Because of that they have the most regulation and are under direct scrutiny of the SEC. CB is an incredibly safe exchange. People are just posting nonsense for views. That said, you should move your assets to your own personal wallet. The entire point of crypto is being your own bank, you are not doing that by leaving assets on an exchange

ipetgoat1984

I really don't think they're gonna go under, but I did transfer everything off of CB and onto my Ledger last month, and I'm feeling a slight bit of relief about that.

CryptoDad2100

People gonna people. I wager most have never visited [https://downdetector.com/](https://downdetector.com/) Things break **all the time**, doesn't mean it's end Also Coinbase Pro is going to be sunset, just switch to CB Advanced Trading - same fee structure.

RakDizzle

CB is by far the best and most solid trading platform if ur in North America. Is all this “CB is abt to fail” a bunch of boys or what? They have to register stuff w the US gov all the time and on paper they don’t look bad at all. Most banks have way more unsecured risk assets than them.

Fragmented_Logik

CB also set up crypto tracking software for the US government. If one exchange makes it through this market it will be the one the US government has in their pocket to help them track crypto transactions.

BlubberWall

Italy just got CDC, CB, and binance in like a week timespan

BlubberWall

Such FUD 1. “Leaked” as in CB publicly announced this 2. The program being put on pause is it’s influencer outreach. That’s just marketing that was capitalizing on all the crazy hype around crypto during the bull market. Makes no sense to continue it right now

stopshadowbanningme4

IMO if we actually lose CB or Binance crypto is as good as dead so it doesnt really matter where it is

rebdone

CB granted permission to get liquidated in Italy

Viewstar

I think so, many people aren't content of CB's bad management and how they treat their employers.

stopshadowbanningme4

im going to go against the grain but I feel as long as you have 2FA on credible xchanges like CB or Binance it is probably safer to just keep them there. Having to handle your own hard wallet is extremely risky as in the offchance you forget your password or misplace it, the funds are lost forever. With an exchange like CB, you can always recover your funds

deaddoll_x

If you have ADA, I recommend you download Yoroi from the App Store. Transferring and staking is very easy, just confirm the last 3 digits of the address. Here is a simple guide: [CB -> Yoroi](https://decentralizedcreator.com/send-cardano-from-coinbase-to-yoroi-wallet/) If you have ALGO, do the same process but for Pera Wallet. I don't really know for other coins.

dos_passenger58

Nothing better than watching the CB charts stretching their gridlines live

Invest07723

Dude, setting funds to a public blockchain would be cool! On a side note, I am concerned withdrawal fees might go up at exchanges .... that was another reason I wanted to move my coins now vs later. I have staked ETH on CB and I am not overly concerned yet.

Individual-Ambition6

You’re right I don’t. I avoided crypto back then because of stuff like MtGox and the association with dark web and other perceptions I had. Wish I had but hindsight is 20/20 right? Still doesn’t change my point that for mass usage, we need to have easily access to our assets. This is the 2020’s, time to get out of the 2010’s mindset of hiding shit and my keys my crypto crap. Unless your desire is for this tech to always be a shady niche product, we got to have exchanges like CB and Binance be successful and secure for easy usage, purchasing, transfer, and storing or our crypto assets.

BlubberWall

I prefer CB over it, I always feel like binance.us has higher spread/withdrawal fees. Overall though it’s about as solid as you can get for an exchange

BlubberWall

I prefer CB over it, I always feel like binance.us has higher spread/withdrawal fees. Overall though it’s about as solid as you can get for an exchange

Bwizz6

If you stick to binance , CB & CDC your problems with exchange drama will be minimal . [Binance.us](https://Binance.us) is about as good as it gets - no exchange is perfect.

Remote_Cartoonist_27

>i seen no credible report that indicates CB is about to go bankrupt >CB pro is shutting down because CB is in trouble. … really? >hundreds of million of $ are leaving CB That’s exactly the problem, when a bank or exchange reserve cash drops too low they will most likely have to default on loans and refuse withdraws. >CB allegedly shutting down US affiliate marketing program They are shutting it down because they don’t have the cash flow to support it. These programs pay off massively in the long run and CB knows it And i’m sure there are more reasons people think CB is in trouble these are just the ones you listed in this post. (Despite claiming you can’t find any reasons) I don’t know all the reasons because i dont have crypto on CB nor do i use them to purchase crypto so i don’t really care about their internal metrics. But from this post alone it seems CB is a dog with it’s legs in the air.

Invest07723

It does make sense. I hope the new version is as easy as CB Pro to use.

Belmont_the_IV

Exactly...if CB or Binance go under...we lose our money and pretty much so does everybody else. Even if you custody your own coins...you might as well custody dust.

Mrramirez44

Watching my CB ETH 2.0 finally get some love makes me happy.

Fuhh-Q

Wasn’t this sub just saying CB was about to liquify everything and disappear?!?

Chino-_-Chaos

Yeah my eth is locked up as well but I still have a few coins on CB. Probably going to get them out soon

JerBear_2008

It’s much simpler than people want to think. If coinbase went bankrupt that would mean the crypto market is collapsing and doing terrible. So no matter where your portfolio is, it is doing terrible. So there is truth in having your own keys but doing it because CB could go under is just incorrect logic.

StockTrix

Time and time again, the only reasons I hear people wishing to keep their money on a public exchange appears to be a combination of slight laziness, apathy, and blind trust. Laziness - "oh but setting up your own private wallet is too complicated" Apathy - "CB's fine - i can just leave my money their, stake and forget about it / CB's been around for years. Their gonna be just fine" Trust: - "Well, they're the market leaders / / too big to fail / publicly traded company so they must be safe. And that's what's really scary. They trust these Kraken/Binance/Coinbases like they'd trust their local high street bank. There are ZERO guarantees to get your money back if these go down, and so there are ZERO excuses to take control of your money. With defi - YOU are your own bank. [https://youtu.be/wtyCuSa9qMQ?t=1608](https://youtu.be/wtyCuSa9qMQ?t=1608)

so_many_wangs

People are really bringing the pitchforks out on CB today huh lmfao