Cryptocurrency Q&A
Where does Coinbase store cash?
Where does Coinbase store cash?
Valentino
Sat Oct 26 2024
|
5 answers
1027
I would like to know the location where Coinbase, the cryptocurrency exchange platform, keeps its cash reserves. I'm curious about the physical storage of their fiat currency.
5 answers
Margherita
Mon Oct 28 2024
Coinbase ensures the safety and liquidity of its clients' funds by storing the majority of them in FDIC-insured bank accounts.
Was this helpful?
292
49
Lorenzo
Mon Oct 28 2024
This measure provides an additional layer of security for customers, as their money is protected by the Federal Deposit Insurance Corporation.
Was this helpful?
96
25
BlockchainBaronessGuard
Mon Oct 28 2024
Additionally, Coinbase invests client cash in U.S. government money market funds, which are considered low-risk and stable investments.
Was this helpful?
59
90
JejuJoyfulHeartSoulMate
Mon Oct 28 2024
Coinbase operates on a 1:1 basis when holding client cash, meaning that every dollar deposited by a client is held as a dollar in their account.
Was this helpful?
255
90
Carlo
Sun Oct 27 2024
This ensures that clients' assets remain their assets and are not used for any other purpose.
Was this helpful?
325
76
