I received this email from Coinbase today. #bitcoin
SEC Resolution: Your Keys, Your Control
In line with evolving regulatory expectations and our ongoing commitment to giving customers full financial freedom, Coinbase is transitioning all custodial assets to self-custodial wallets. This transition ensures that you remain in complete control of your cryptoβno middleman, no compromise.
To comply with our recent resolution with the U.S. Securities and Exchange Commission (SEC), weβre requesting all customers move their funds to Coinbase Wallet by May 16, 2025.
Why is this happening?
Our former lending partner halted withdrawals during a period of extreme market volatility, prompting legal action. In the interest of transparency, trust, and decentralization, we're transitioning toward a system where you are the sole custodian of your crypto. This gives you full autonomy and aligns Coinbase with the latest federal requirements.
What is Coinbase Wallet?
Coinbase Wallet is our secure, self-custodial wallet that allows you to:
Hold your private keys
Control access to your funds 24/7
Explore DeFi apps and manage thousands of crypto assets
Use multi-chain support in a seamless interface
Youβll continue buying and selling crypto with Coinbase, but all assets will be held in your own wallet.
