News for hackers. Stuff that matters.

A comment on Coinbase to go public on 4/14. Parent comment

Re:Coinbase to go public on 4/14 by rory on Friday April 02, 2021 @03:28PM (#26675058)
Got it, so in general, they are _actually_ fronting you the asset (although you can't take it out of their control until you've paid up), as opposed to an IOU.
[ Parent | on HN ]
Re:Coinbase to go public on 4/14 by throwaway192874 on Friday April 02, 2021 @07:54PM (#26677122)
Yeah, they already have the asset when you click buy. On "consumer", the blue one, when you click buy it literally does a direct market order off of Coinbase Pro to purchase the asset, and since it's on Pro they already have the crypto on platform.
[ Parent | on HN ]