Coinbase is stopping direct deposit

Coinbase is stopping direct deposit of your paycheck to their platform, but they have said that they will introduce a new wallet feature in a couple of months to allow direct deposits again.

The reality most likely is that they are running so little on reserves and they want to make it a little more difficult to buy bitcoin in the next couple of months.

Why wouldn’t they end direct deposit when the feature is available on their other wallet? Why wouldn’t they overlap the options so people can make sure that their direct deposit is happening on at least one platform?

They are probably gonna start asking for more kyc to buy bitcoin now. But the reality is they are most likely trying to slow down selling in anticipation of a rally. I can’t think of any other reason why they would stop retail from putting money on their platform as soon as we get paid.

If you thought last rally was fun, HODL on right for this one!