COINBASE HUGE WARNING! (SOLANA DELAYS)

CoinBase Issue with Solana

• CoinBase is experiencing issues with Solana, taking 9 hours to send and receive
• Influencers are warning against holding large amounts of crypto on CoinBase due to the risk of account freezes and insolvency
• Some users are worried that CoinBase is insolvent and demanding proof of Solana reserves

Diversification and Risk Management

• It's recommended to diversify holdings across multiple exchanges and store the majority of crypto in cold storage wallets
• Smaller exchanges like Blowfin, CoinW, and BTCC may have risks, but can be used to trade crypto
• Not your keys, not your crypto: there's risk involved in storing crypto on any exchange or platform

CoinBase's Response

• CoinBase is trying to patch the issue by offering new features, such as listing Trump token
• This may be a band-aid solution, rather than addressing the root cause of the issue

What to Do

• If you have Solana on CoinBase, you may need to wait for the issue to be resolved
• Consider setting up accounts on other exchanges to have access to the market
• Be aware of the risks involved in storing crypto on any platform and take steps to manage that risk