Potentially stupid market structure question of the day: are 100% of Coinbase crypto trades executed on-chain? Is it possible for trades to happen off-chain?
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In general you don’t even have your own wallet at the exchange, you just have a db entry that says what the exchange owes you. The exchange has a private wallet (in fact several) to hold client crypto assets, and they generate unique public keys for users to deposit to it.
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Broke: Coinbase Woke: AMMs (Uniswap etc)
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Data-based
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