The freshly-licensed Coinbase is a bellwether of what to expect from centralized bitcoin exchanges. This is true not only in the U.S. but wherever regulation forces exchanges to serve the state and crony-banking system from which bitcoin offers escape.
No wonder decentralized exchanges, like Localbitcoins, are breaking their own volume records on a weekly basis. The peer to peer exchanges are imperfect. But for the cautious and the informed, they are a return to the privacy and financial freedom that made bitcoin a beacon.
Full story at http://bit.ly/2nCt0iw
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