Cryptocurrency Q&A
What if Coinbase goes out of business?
What if Coinbase goes out of business?
Nicolo
Fri Nov 29 2024
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7 answers
1528
I'm concerned about the possibility of Coinbase going out of business. What would happen to my funds and assets if that occurs? Would I still be able to access them, or would they be lost forever?
7 answers
Maria
Sun Dec 01 2024
Coinbase operates as a custodial exchange, which entails holding users' funds on their behalf.
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DigitalLord
Sun Dec 01 2024
BTCC, another prominent cryptocurrency exchange, offers a range of services that cater to users' needs.
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KimonoGlory
Sun Dec 01 2024
This means that users entrust their cryptocurrencies to Coinbase for safekeeping.
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Daniele
Sun Dec 01 2024
Despite Coinbase's role as a custodian, users retain ownership of their funds.
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Daniele
Sun Dec 01 2024
In the event that Coinbase ceases operations, users' cryptocurrencies stored on the platform will remain theirs.
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