Hacker News Reader

What does this mean for people investing small amounts (~1k) in crypto with Coinbase?

Is there additional risk (beyond crypto prices dropping) like Coinbase deciding to simply close accounts in order to get funds in times of trouble due to the stock market acting up?

Would private wallets become more advisable?

View on HN

That doesn't make sense and isn't how the stock market works

Stock prices dropping effect companies only indirectly, in that it may make it harder to secure loans or raise capital through issuing shares

Regardless of current or future happenings with Coinbase, a private wallet is always advisable.

If you don't own the keys, you don't own the coins.

Reply on news.ycombinator.com