With the collapse of FTX and FTX.US and comments made previously by various individuals about the solvency of centralized exchanges, there has been a mass exodus from people who used them and/or left their crypto on them. Simply put people no longer feel safe with these centralized exchanges as these exchanges are designed to make money and with most of them being private companies they do not have to disclose all that much to regulators. That is except for one which itself is often the center of the fiercest debates among crypto enthusiasts and that is Coinbase.

Compared to every other exchange out there for U.S. citizens Coinbase is the only one that has had regulators all up in their business 24/7 365 days a year. Due to being a public company that is traded on the stock market regulators have been able to access this information and go over it with an extremely fine-tipped comb to find any sort of illegal or grey zone activities. It is safe to say that that has not happened if it did the SEC would immediately blow it up that they found this or that. 

Over the years we have seen Coinbase battle regulators with its Earn program get hit by regulators in the US over the assets and with how users' yields would be generated. All of this stuff that I have mentioned beforehand has occurred without us even getting to the biggest and possibly juiciest part. The shareholders. As opposed to just a few individuals or funds reaping the benefits Coinbase has thousands of shareholders. That means that thousands of people want results and even more are looking from the outside trying to see if they can possibly beat it down more and make money that way. Unlike other companies that have been targeted by short sellers or activist investors, Coinbase has not had to deal with this type of press which in my mind further backs up the safety of this exchange.  

Simply put love them or hate them Coinbase has too many people in their business and in their books to be insolvent. The sheer number of people who would love to expose them likely rivals Binance and CZ haters and ranges from not just the crypto space but traditional finance as well something other exchanges really do not have to deal with. Not to mention we have not seen Coinbase go on bailout sprees or investment sprees like we have seen others in the industry do. While they are far from perfect they should be congratulated for what they have been able to accomplish. 

Please know I am not a financial advisor and make sure you do your own research! If you enjoyed this article and would like to support me further below are a few referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_

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