Quote (Bazi @ Apr 5 2023 06:17am)
Genuine question for those bullish on crypto
In the mid term it is questionable how much sustainable Coinbase has, this seems to be the consensus view on crypto bears and bulls alike
A portion of crypto value is based on the perception of stability
If something happens to Coinbase /binance , the top 2 exchanges, how do you foresee the fall out on crypto playing out?
Binance is the one to watch TBH. Coinbase is small apples. Was slow to market, high fees, highly coupled to US, limited commodity pairs. Binance has a established global presence and has weathered political and financial storms already. Pretty sure they had a bad hack years back but had enough capital to cover their users was the story. Also think they moved servers to get them flipping bits in more favorable jurisdictions.
This post was edited by RedFromWinter on Apr 6 2023 04:07am