Coinbase has grow to be the brand new Robinhood. They’re artificially withholding Algorand withdrawals due to liquidity points and don’t need to lose out on their governance rewards. It has been over 24 hours now and so they’re pretending it is a technical challenge.

My guess is Coinbase is operating 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 I don't learn about you guys however after I get my ALGO's withdrawn I'm discovering an alternative choice to CoinBase. They have formally misplaced my enterprise which is a disgrace as a result of I've used them since moving into crypto.

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

There have additionally been different unusual issues between Coinbase and Algorand. For the longest time that they had Algorand listed as an ERC-20 token. Additionally they generally don’t submit up to date/appropriate information for Algorand. Just a few days in the past they listed Securitizes Tokenization of Down Jones Index Funds as taking place on Ethereum as a substitute 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 an excellent various to Coinbase and Binance within the US?

submitted by /u/gigabyteIO
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: