Coinbase admits users may lose crypto if exchange goes bankrupt
fortune.com
If the exchange goes down, it's taking investors with it.
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      2 years ago

      That's not really how crypto exchanges work. I don't think they have crypto loans yet.

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          2 years ago

          The danger with that is banks not having enough cash for everyone because too much was loaned out. That's not possible with crypto because you can't loan crypto (yet). Even then its not like people are even withdrawing crypto, they're just divesting their securities to cash.

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              2 years ago

              Are the exchanges required to buy their users crypto back? I thought they were just wallet hosting services that happened to also offer the ability to buy and sell from them.