What if coinbase shuts down

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Whitney Webb BlackRock: \
This means investor/holders would not receive their coins/tokens back from the exchange and likely would receive only a small percentage of the. Answer: �Your coinbase wallet� loses a few characters or better known as �coinbase wallet�. You also get a name change. You go from �customer�. When an account closure happens, buy/sell services are disabled and you will no longer be permitted to use your Coinbase account as a crypto balance. However.

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New wallets can be made with ease with all major cryptocurrencies, from Bitcoin to Ether and beyond; you just need to take the step to move your money. This has left many people wondering what happens if Coinbase goes out of business, even though the company may be set to soar in and the Coinbase bankruptcy risk is low. This means that if Coinbase's debt exceeds the value of the company's own assets, money would be taken from the customer pool to cover the difference. On July 5, , the cryptocurrency exchange Voyager Digital filed a Chapter 11 bankruptcy case.