Coinbase is not a wallet: Implication

If you have a bitcoin wallet, and a split happens, you'll be able to spend your pre fork bitcoin on two chains.If you have a bitcoin account, and a split happens, you'll be able to spend your pre fork bitcoin on only one of the two chains. (and Coinbase is in charge to decide which one)As I wrote in this article, changing the term might be a way for them to make you delegate your right of choosing which chain matter. It might not be intentional from them, but something you have to keep in mind if things go wrong. via /r/Bitcoin http://bit.ly/21lJYml