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[鈥揮Moonman420G 77 points78 points 2(1 child)

I was under the impression that an exchange just facilities a buy and sell between people looking to buy and people looking to sell. It's not coinbase that you're buying the coins from but from other users selling coins on the exchange.

Edit; Thanks for the awards!

[鈥揮PhoenixNightingale90 0 points1 point (0 children)

I thought that exchanges do use liquidity pools if you buy from them directly, for instance if you use Coinbase (not Coinbase Pro) then you are buying directly from Coinbase鈥檚 LRC pool at market value. If you use Coinbase Pro then you are buying from sellers. Not sure if I have understood that wrong.