Coinbase has just blocked all users from selling.
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Again and again, we’re shown why we shouldn’t trust CEX’s and why self-custody is so important.
Every Coinbase user is suddenly showing 0 balance or no balance in their wallet. Right after it pumps insanely the last couple hours. No one can sell. What convenient timing for this glitch to happen.
Self-custody is literally so important and this is why. Robinhood pt 2. These CEX’s don’t want us to make money, they want them to make money. I’m 90% in self-custody, but even just having the 10% I have on the Coinbase CEX blocked is just rage inducing. I didn’t even want to sell but it’s the principle. How dare they. Genuinely. Fuming.
Edit: some users are suggesting it might be a traffic surge, which is a different but potentially valid explanation. I do really hope this is a genuine mistake. Either way it still emphasises the importance of self-custody.
It’s about the choice being yours.
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