>>60695628

It's a disturbing omen for the market if one of the world's largest crypto exchanges is seeing a growing upward trend in customer dissatisfaction, especially with regards to withdrawal issues.

>Coinbase has over 100 million users,[7] and is the largest U.S. based cryptocurrency exchange as well as the world's biggest bitcoin custodian, as of 2024.
https://en.wikipedia.org/wiki/Coinbase

>I use Kraken and Bitfinex and liquidity has never been an issue.

For now. An influx of Coinbase refugees might change that. Everything spills over.


>>60695643
>>There's no reason to believe any of the main exchanges are even slightly insolvent, least of all Coinbase.

The issue here isn't so much the exchanges themselves, its more their ability to redeem the world's most widely traded stablecoin (65% market share) for actual USD on demand. USDT = an IOU.

Fun-fact: Tether's TOS explicitly gives them the right to delay redemption if they lack the funds to do so. In essence, Tether’s legal framework gives them broad and unilateral authority to refuse, delay or alter the form of redemption, even when holders expect a guaranteed 1:1 fiat conversion.


>>60695702
>The other side of this coin is that tether is backed by the Fed, which is how they get away with shenanigans.

Citation needed.

>In either case they're clearly not going anywhere in two weeks

Famous last words.