>>60554092It's risky for sure but Coinbase has been the largest proponent for crypto since it's foundation imo. Everything is by the book and they spend a ton of money lobbying the US for better regulations. I remember starting out in the US we didn't have access to shit and got laughed at by Euros and shitskins all the time and now it's the complete opposite, completely thanks to many years of Coinbase lobbying the government.
Anyways they stand to benefit the most in bull runs and as Bitcoins price increases it seems unlikely they'd do anything to manipulate it down. I'm sure there are people auditing it as well it would only take about two seconds to verify the Bitcoin are there.