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A comment on Ask HN: How can Coinbase make good on deposits/withdrawals?. Parent comment

Re:Ask HN: How can Coinbase make good on deposits/withdrawals? by dmurray on Thursday December 07, 2017 @07:33PM (#15875702)
What? Coinbase and other exchanges go a step further than that, and require the counterparty to have deposited 100% of what they will deliver to you up front. So you will be made whole unless the exchange itself steals your money or gets hacked.
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Re:Ask HN: How can Coinbase make good on deposits/withdrawals? by toomuchtodo on Thursday December 07, 2017 @08:37PM (#15876026)
Who is backing Coinbase in the event of insolvency due to a clearing or settlement anomaly?
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