It looks like Coinbase has a problem managing their float of Bitcoins and/or serious risk management problems.
There was a story yesterday about someone wiring over tens of thousands of dollars and not hearing back for 1-2 weeks.
My theory is that Coinbase are performing some kind of proprietary trading and have burnt themselves badly, and to recover losses, they are front-running customers and delaying trade settlement.
Comments
It looks like Coinbase has a problem managing their float of Bitcoins and/or serious risk management problems.
There was a story yesterday about someone wiring over tens of thousands of dollars and not hearing back for 1-2 weeks.
My theory is that Coinbase are performing some kind of proprietary trading and have burnt themselves badly, and to recover losses, they are front-running customers and delaying trade settlement.