There’s never been a serious question that assets on @coinbase are safe. We have more than $6B in the bank, are financially strong, and have legal and operational protections for customers to invest, access, and withdraw their crypto.

But you may have heard about a certain disclosure in our recent 10Q and FUD around this led to some genuine concern for our customers. So fashion faux pas be damned; we’ve added belts to our suspenders. Here’s how: 👇

1. Your assets are your assets.

Coinbase maintains internal systems, like a bank or a broker. Our fully audited ledger identifies your holdings and tracks your activity in real time. There's never a situation where customer assets could be confused with corporate assets.

2. We do not repurpose your assets without your approval.

Many financial institutions lend and trade customer assets which means they often hold only a fraction of those funds at any given time. Not us. Coinbase holds your assets 1:1 and they're available 24/7. Always.

3. We’ve clarified our Retail User Agreement.

We have always protected our customer assets both legally and physically. However, we recently updated our Retail User Agreement to expressly highlight the applicability of UCC Article 8.

Wanna learn more about our commitment to keeping customer assets safe? Details here: blog.coinbase.com/setting-the-record-straight-your-funds-are-safe-at-coinbase-and-always-will-be-f8cf...