They just need to slip below the point at which you can reliably liquidate.
TL;DR I give Coinbase the "this one is different". Think that the NY attorney general and SEC will continue keeping them in line. The only thing that differentiates them from other CEXes is that they're not sketchy; to keep that they've done stuff like shutting down margin trading when the CFTC said rather than just moving jurisdictions. Based on this I think that (1) they're not commingling with Circle (2) their statements are accurate, e.g..
sigh Well, good luck with that.
I write Solidity for a living, would not be so confident if I hadn't been able to compare my work to that of auditors.
TL;DR I give Coinbase the "this one is different". Think that the NY attorney general and SEC will continue keeping them in line. The only thing that differentiates them from other CEXes is that they're not sketchy; to keep that they've done stuff like shutting down margin trading when the CFTC said rather than just moving jurisdictions. Based on this I think that (1) they're not commingling with Circle (2) their statements are accurate, e.g..
I write Solidity for a living, would not be so confident if I hadn't been able to compare my work to that of auditors.