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Over the past decade, Coinbase has reached millions of cryptocurrency traders and expanded to become the largest crypto exchange in the US. Despite its solid reputation, Coinbase did not avert scrutiny and skepticism. It has intensified in the past two years, driven by the sharp upsurge and plunge in crypto prices in a short period. But what has become the hot topic was the sudden collapse of FTX, the former largest crypto exchange worldwide. Nonetheless, it remains an influential figure in the market. True believers regard cryptocurrencies despite not being a sure inflation hedge. Bitcoin’s inverse correlation with inflation showed how much macroeconomic indicators could affect crypto prices. Traders continue to capitalize on crypto volatility to generate massive gains. Given this, Coinbase enjoys high crypto balances. This formidable crypto exchange giant leverages the weakness of its smaller peers. Inflows and outflows may sometimes be overwhelming, but its liquidity ensures it can sustain its operations. Hence, this article will explain why Coinbase is a safe cryptocurrency exchange. What Makes Coinbase a Safe and Liquid Cryptocurrency Exchange As a crypto trading newbie, one often looks for those exchanges with low transaction fees and secure user anonymity. But a more important consideration is whether it can sustain business operations with massive transactions. Being in the business for over a decade, we may not have to ask ourselves, “Is Coinbase safe?” It has undergone massive ups and downs, such as the crypto bubble burst in 2017-2018 and the FTX fallout in 2022. Its liquidity and wise token allocation make it one of the most durable crypto exchanges. These are some reasons Coinbase is a safe crypto exchange. Stable monthly market share Since the FTX collapse, we have seen how Binance has swiftly taken over the market. It dethroned Coinbase and kept a wide margin…

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Filed under: News - @ February 21, 2024 7:24 pm