“All USD balances are covered by FDIC insurance”; most people aren’t using them as a USD bank account. Crypto assets aren’t covered by this.

Afaict only fiat holdings are FDIC insured (for both pro and non-pro).

> Coinbase Pro is FDIC insured, makes one wonder why Coinbase itself isn't.

This is exactly what those not familiar with Coinbase don't understand, the two systems are tiered and reflect that: Coinbase is by far the worst exchange experience, and they do not car about their customers unless they are Pro customers.

This gives the average person with limited knowledge the worst possible UX into thinking this is how things are and likely deters them from ever trying againg when their order doesn't get completed because of some arbitrary reason.

They did this to themselves, I can assure you this was a long time coming.