I was genuinely curious but could it use it given their territory based / regulation limitations. As I moved last year to the Emirates I applied and activated the account, and could not understand what am I buying.
It seems as if the main feed in the app is not about buying or selling BTC or ETH.
In simple terms, what is the problem they are solving?
eimrine•3mo ago
tzury•3mo ago
the Spot Trading, the Perpetual Future are easily falling into the gambling category.
See, while a professional trader might use these tools for complex hedging strategies, for the average person, entering the "Perpetuals" market with leverage is a high-risk bet that can lead to rapid and total loss of funds, much like a casino. And let's face it. Vast majority of Coinbase users are most likely not professional traders.
[1] https://photos.app.goo.gl/de7ygKYvpq64p8nm9
eimrine•3mo ago
I do not see any gambling if you are going to post for example your desire to buy 1 bitcoin for your 1 dollar. As they say, "There are two fools at the market: one sells, the other buys" so you are free to sell your 1 dollar for any insane price, it is way better than having it on your Balance without any moving (because there is no warranty the CX will keep existing tomorrow, not your key means not your crypto).
Most CXs are proposing some complicated deals like to short some currency, or maybe some operation with leverages "that can lead to rapid and total loss of funds". Is this a problem for you to not use the instruments you aren't understand? Spot trading is enough good to have some profit with minimal knowledge and minimal risks.