Cryptocurrency Q&A What if Coinbase goes bankrupt?

What if Coinbase goes bankrupt?

AzurePulseStar AzurePulseStar Wed Jul 10 2024 | 5 answers 1132
Could you elaborate on the potential implications if Coinbase, a leading cryptocurrency exchange, were to encounter financial difficulties and ultimately file for bankruptcy? What measures would Coinbase likely take to safeguard its customers' assets in such a scenario? Would investors and traders be fully compensated for any losses? Additionally, how would such an event impact the overall cryptocurrency market and consumer trust in digital assets? Could you discuss potential risks for investors holding cryptocurrencies on Coinbase and how they can mitigate these risks? What if Coinbase goes bankrupt?

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