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Coinbase is automatically opting your funds in for staking when you exceed a minimum balance. They're basically tapping into user funds without your explicit consent.

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by COINS NEWS 114 Views

Coinbase is automatically opting your funds in for staking when you exceed a minimum balance. They're basically tapping into user funds without your explicit consent.

Some of you who used coinbase pro have gotten your account migrated to coinbase advanced trading.

https://preview.redd.it/0beet8utt33a1.png?694&format=png&auto=webp&s=c004deb3e062fde36c9e336d709f1da3cc7ff843

A main difference between coinbase pro and advanced trading is the staking(defi rewards) as you can see in the comparison below.

https://preview.redd.it/bmr9plvzt33a1.png?854&format=png&auto=webp&s=9498c962a91256cf5e9830fe8ed183be41f7ecca

The suspicious part is that all users who hold more than the minimum balance required are automatically opted in.

https://preview.redd.it/krtp1mc8u33a1.png?829&format=png&auto=webp&s=3a97f5988be992276cf6e71150e892912594b456

I may sound crazy and paranoid, but that is a red flag and suspicious imo. Why opt in all users? why not let us manually do it. They're basically taking our funds without our consent. All users should be opted out until they choose to opt in. Some of you may say why not take the free 5%? as we now have learned thanks to many bankruptcies, not everything is risk free. Users should not be opted in automatically.

submitted by /u/Far-Scholar9028
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