Home Coinbase Coinbase Doesn’t Offer Liability Protection, but That’s No Reason to Panic – CoinDesk

Coinbase Doesn’t Offer Liability Protection, but That’s No Reason to Panic – CoinDesk

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Coinbase Doesn’t Offer Liability Protection, but That’s No Reason to Panic – CoinDesk


A bank account is protected by the Federal Deposit Insurance Corp. for up to $250,000 worth of deposits in checking, savings and money market accounts as well as certain certificates of deposit. A traditional investment account enjoys up to $500,000 worth of coverage from the Securities Investor Protection Corp., which covers stocks, Treasurys, corporate bonds, certificates of deposit, exchange-traded funds, mutual funds and money market funds. There is, thus far, no analog insurance for digital assets.

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