Reddit discussions have been buzzing with debates over the best practices for managing cryptocurrency investments on Coinbase, focusing on the safety of leaving assets on the platform versus transferring them to cold storage wallets. The phrase "Not your keys, not your crypto" has been a recurring theme, emphasizing the risks of not having direct control over digital assets. Additionally, users are discussing the feasibility of executing large transactions on Coinbase, with some noting that while the platform can handle substantial trades, prior arrangements might be necessary for high-volume transactions. These conversations highlight the community's ongoing concerns and confidence in Coinbase's capabilities, despite the lack of specific news driving today's stock movement.
The GraniteShares 2x Long Coinbase Daily ETF (CONL) experienced a slight decline, dropping 0.35% to $57.00 at 7:20 AM on Wednesday, December 18.