@sophiamzaller This language was added to their Risk Factors, which I imagine many don't understand RFs purpose. This isn't unique to Coinbase, and it's good that they added this language from the Company's legal liability perspective.
THIS ISN'T NEW--it's an inherent problem w/ the regulatory structure used by most custodians. #Wyoming addressed this by creating a new customer-friendly structure designed to respect segregation of customer assets in bankruptcy: the Wyoming special-purpose depository institution
@OphirGottlieb This language was added to their Risk Factors, which was almost certainly drafted by their outside counsel. And good, from a legal liability perspective, this is exactly the type of thing you want in your risk factors!