I think Coinbase is the safest exchange in the US from a regulatory standpoint.
They are proactively advocating on behalf of the entire crypto industry, Paul Grewel (the Chief Legal Officer) routinely takes the SEC to task (and wins!)
All the huge institutions including the US government itself use Coinbase for custody, they are going to be the custodian on all eight spot ETFs when they finally launch – they’ve already baked themselves in.
No matter what happens on the regulatory front, you can count on Coinbase to spearhead the crypto community’s response, while at the same time being the preeminent institutional and governmental custodian and partner.
In other words, these guys are already part of the plumbing. They’re not going anywhere.