BTCBoogaloo_PEWPEW_95 on Nostr: I’ll never understand why people still choose to trust an exchange with custody of ...

I’ll never understand why people still choose to trust an exchange with custody of their bitcoin

quoting note1688…hmn4

The Coinbase, $COIN, crash just erased $100 BILLION of market cap in #Bitcoin  in 15 minutes.

Between 12:15 PM ET and 12:30 PM ET, Bitcoin fell from $64,000 to $59,000.

This was a near 9% swing in 15 minutes right as many Coinbase users began showing a $0 balance in their account.

It also happened to occur just as Bitcoin was less than 10% away from a new all time high.

Coinbase is reportedly still working on fixing the issue.