I saw a lot of coins and tokens that became scams and even died on this exchange made me think again to buy. if this coinbase project is implemented then I will see a potential coin based on a review of the coinbase which I myself don't doubt. I'm waiting for the results of their work for my future investment
I don't have faith on exchange wallets before I was using this wallet but I was using this coinbase wallet. I feel they were good to listing side and to organise the fund at there.
I have their android app and had happy experience with the coinbase. May be expecting it them on process of listing too.
Well, a centralized wallet will always be a centralized wallet as long as you do not have full control over your funds, but in terms of reputation over the years and for the fact that it is a regulated exchange that complies with the U.S law, it is a good exchange to want to trust but nonetheless, it is always better not to put all that you cannot afford to lose on an exchange as that is something that can back fire if anything shitty happens most especially when it comes to an attack on the exchange.
Based on what the OP said however, I believe this move of coinbase is a good one and should bring about some sanity as well into the market in the long run.