> 3.5 When buying or selling bitcoin, you are buying or selling from Coinbase directly. Coinbase does not act as an intermediary or marketplace between other buyers and sellers of bitcoin.
> Coinbase may cancel or reverse potentially high-risk buys or sells of bitcoin, including those made using reversible payment methods.
Could very easily be that your transaction was flagged and then reversed. Your BTC was returned in full. If the price had gone in the other direction I doubt you would be offering to compensate Coinbase for the difference.
There was a story yesterday about someone wiring over tens of thousands of dollars and not hearing back for 1-2 weeks.
My theory is that Coinbase are performing some kind of proprietary trading and have burnt themselves badly, and to recover losses, they are front-running customers and delaying trade settlement.