Is It More Misplaced Than Trusting a Bank?

I don't think like my gut is that trusting in Coinbase is not too much. Is it more misplaced than trusting a bank? Like, potentially banks are like more regulated than crypto exchanges. There's just going to have to be some sort of and obviously there's interest from the SEC and there's interest to some extent from banking regulators. But you're not just blindly picking the platform that has the best font and then you lose all your money.