Coinbase holds everyone's private keys. So they own everyone's crypto that uses the exchange.... So sounds like Coinbase is going to owe a lot of taxes since they own everyone's crypto. And no one that uses the site actually owns their crypto. So why should they have to pay taxes when its not even theirs. If Coinbase Does not have a huge tax bill for all the transactions their user perform on the exchange with Coinbases exchange Wallet. I'm just pretty sure the government is in coinbases pocket anyway so they probably one in the same. But if any government ppls read this might want to look into the biggest scam in crypto and that is coinbase. They owe a lot more money in my eyes. Now if they gave their customers they private keys it would be different. But if you lose you phone and change numbers your crypto is gone forever they have it nothing you can do to log in. Even if you have the email and password you made the account with.