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If you have ETH you're leaving on Coinbase, you should consider swapping it for cbETH now for an 8% bonus

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by COINS NEWS 136 Views

Coinbase just opened trading for it's cbETH token. cbETH is now trading for about 0.92 ETH, so an 8% discount. Of course this discount could go up or down in the short term, but it will be worth more than 1 ETH once withdrawals are available post-merge so it's a great deal.

If the following describes you I think you consider trading your ETH for cbETH right now:

  1. You accept the risk of centralized custody with Coinbase
  2. You aren't sitting on significant taxable gains (this would be a taxable event in the US)
  3. You don't intend to use the ETH you have for anything on-chain (DeFi, buying NFTs, etc)

Good luck!

submitted by /u/MerkleChainsaw
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