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by muzakthings 3034 days ago
This guy needs to take a Stats 101 class. Taking a biased sample of Reddit posts and claiming that it must equate a liquidity crisis at the world's largest crypto exchange? Please.

80% of the problems Coinbase and every other exchange has are dealing with "Finance 1.0" banks & payment processors who still move funds around by having their employees manually type in numbers and sending transfer records via FTP. Seriously.

In a sense, Coinbase and other exchanges are moving money out of the traditional (fragmented) banking system and into a digital one. That takes friction and dealing with fragmented systems.

And personally I'd trust Coinbase over any of the other ones any day of the week. Have you dealt with Kraken/Poloniex/etc? Terrifying.