Re:Coinbase Index Fund
by DennisP on Wednesday March 07, 2018 @08:30AM
(#16536188)
That's a good question. If the answer is "yes" then maybe that's the reason for the high fee.
Currently they have insurance on their hot wallet coins, which I think is about 5% of the total. The cold wallets aren't insured, but they're paper wallets held in safe deposit boxes all over the world, so it's unlikely that a large percentage would be lost.
Currently they have insurance on their hot wallet coins, which I think is about 5% of the total. The cold wallets aren't insured, but they're paper wallets held in safe deposit boxes all over the world, so it's unlikely that a large percentage would be lost.