Coinbase has change into the brand new Robinhood. They’re artificially withholding Algorand withdrawals due to liquidity points and don’t wish to lose out on their governance rewards. It has been over 24 hours now they usually’re pretending it is a technical subject.

My guess is Coinbase is working on fractional reserves and doesn't wanna lose out on it's governance rewards so they’re artificially delaying withdrawals of ALGO. I don't find out about you guys however after I get my ALGO's withdrawn I'm discovering a substitute for CoinBase. They have formally misplaced my enterprise which is a disgrace as a result of I've used them since entering into crypto.

They did this very same factor earlier than the first governance interval in September and folks misplaced out on signing up. This is not any completely different than what Robinhood did with GME inventory. It simply exhibits that CEX's want regulation desperately and we're at present on the mercy of Coinbase assholes.

There have additionally been different unusual issues between Coinbase and Algorand. For the longest time they’d Algorand listed as an ERC-20 token. Additionally they generally don’t put up up to date/appropriate information for Algorand. A number of days in the past they listed Securitizes Tokenization of Down Jones Index Funds as taking place on Ethereum as an alternative of Algorand, since then they've taken it down from Ethereum however haven't posted it to Algorand information.

This all smells a bit fishy. I’ve been having this sense for some time that coinbase is intentionally making an attempt to undermine Algorand.

Does anybody know of a very good different to Coinbase and Binance within the US?

EDIT 1: They canceled my withdrawal after over 24 hours pending and stated "Blockchain transaction was compensated". I'm questioning if I ought to attempt to withdraw once more or convert to a different coin and switch off.

EDIT 2: Tried withdrawing once more and it canceled virtually instantly and stated the identical factor "Blockchain transaction was compensated." I'm fairly certain they nonetheless took my .002 ALGO transaction payment although. CB is fucking us over royally.

EDIT 3: Tried withdrawing as soon as extra, prompt withdrawal cancel with identical cause as earlier than. I'm achieved making an attempt to withdraw tonight. Will strive once more tomorrow within the AM and replace the put up.

EDIT 4: I used to be lastly in a position to withdraw my ALGO's right now. Look's like Coinbase almost certainly noticed this put up and acquired extra ALGO. The quantity of ALGO in Coinbase 2 doubled and magically withdrawals have been reenabled. Which means this was 100% a liquidity subject, and never a technical subject. Thank you everybody for contributing, I'm proud to be part of this group. The elites get scared when all us little guys work collectively, always remember how highly effective we’re after we work collectively. This is the precise cause why we’re all right here, so enormous monolithic entities can't dictate and management our lives with none recourse.

EDIT 5: MAKE COINBASE SQUIRM. Withdraw every thing. Coinbase 1 is right down to 351 ALGO and Coinbase 2 is right down to <1 Million ALGO. Let's clear them out. Hopefully they are going to study not to do that once more.

EDIT 6: I've been studying some individuals are nonetheless having issues withdrawing.

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