Coinbase effectively has regulatory capture when it comes to the actual trading and speculation business (not custody). All traders prefer the lower fee derivat

Coinbase effectively has regulatory capture when it comes to the actual trading and speculation business (not custody). All traders prefer the lower fee derivative exchanges for speculation and hedging such as Huobi, Okex, Bitmex and even Binance for spot. Just compare the volumes. But US customers are locked out.