I personally have had doubts for a long time about their lack of transparency. They hold a lot of Bitcoin on behalf of Spot ETF providers. How do we know they are not playing the likes of Blackrock with paper Bitcoin? There is a huge risk that if Coinbase are pulling an FTX & claiming to hold coins they don’t have, we see the biggest rug pull ever, on par & maybe worse than Gox. Every time Bitcoin pumps hard over 2024, Coinbase goes down, with people unable to access funds or buy/sell Bitcoin. I don’t think they have enough Bitcoin to satisfy demand.