is coinbase backed by fdic

Coinbase has received significant backing from Fdic, which is a United States federal depository insurance corporation. Fdic was created in 1913 to protect the financial system of the United States from potential losses and is a unique government-sponsored corporation. Fdic is responsible for providing depository services for financial institutions that are subject to state and federal regulation. This support from Fdic signifies the company's commitment to provide financial services that meet the highest industry standards. As Fdic is a government-sponsored corporation, its backing strengthens the credibility of Coinbase's services.