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Yes Binance.us has better fees, but CB has the benefit of scale $1.3B in BTC/USD vs just $55M on Binance.us. And I think CB is riding on that a lot. There is st

Yes Binance.us has better fees, but CB has the benefit of scale $1.3B in BTC/USD vs just $55M on Binance.us. And I think CB is riding on that a lot. There is still tons of room for disruption there, just think a large number of folks trust CB for now. More so than any other exchange available in the US. And its way simpler to use it then going a lot deeper, so at least its a gateway for people to get started. The main ones they are missing right now, to my observation, are Cardano and Polkadot, which they seem to be very slow on the uptake of. I guess you could say Tether, but understand why they don't have it. And same with Ripple. But I don't think those are a "slow" thing, that's a conscious decision with reasoning behind it. I think it will take quite some time to do any significant disruption though. At least until there is a good easy place to be. BSC is hard to get in to from the US, at least from what research I have done, and I am willing to put far mor research into it than a 'normal' person would be.

Tenoke 6y ago
I was more comparing it to Binance.com which has 9x more volume than Coinbase, not the Binance.us gimped version. For what is worth, Kraken (available in the US) also has smaller fees, more parings at 55% of Coinbase's volume. Hopefully the US loosens up and doesn't continue paving everything for Coinbase while the major options available elsewhere are closed off. >And same with Ripple They had XRP, they just removed it, presumably because they wanted everything to be as clean as possible for the IPO.
- Bedon292 6y ago
  Right, I was just focusing on US access where Coinbase focuses on. And sadly Binance.com is not (easily) accessible from the US. And yeah, Kraken seems to be a better option from that standpoint, just have not built the level of trust that Coinbase has yet. Certainly can get there. And that extra liquidity helps with order execution at times. US definitely has a long way to go with crypto in general, on both the access and tax side of things. I hope things will improve, but honestly not sure they will any time soon. And yeah, the XRP side of things was definitely to cover themselves, and not want to be in that potential mess. I think that is a reason for not having Tether too, it comes with historic baggage even if those issues aren't present anymore. USDC makes sense to limit their own risks, even though Tether is still more popular overall. What sucks is how much influence they have on overall markets. When they back something and have financial interest in it, and add it to their exchange but not its competitors. I would love to see it more open to other ones faster, but not sure it will be.

Tenoke 6y ago

I was more comparing it to Binance.com which has 9x more volume than Coinbase, not the Binance.us gimped version. For what is worth, Kraken (available in the US) also has smaller fees, more parings at 55% of Coinbase's volume. Hopefully the US loosens up and doesn't continue paving everything for Coinbase while the major options available elsewhere are closed off. >And same with Ripple They had XRP, they just removed it, presumably because they wanted everything to be as clean as possible for the IPO.

Bedon292 6y ago
Right, I was just focusing on US access where Coinbase focuses on. And sadly Binance.com is not (easily) accessible from the US. And yeah, Kraken seems to be a better option from that standpoint, just have not built the level of trust that Coinbase has yet. Certainly can get there. And that extra liquidity helps with order execution at times. US definitely has a long way to go with crypto in general, on both the access and tax side of things. I hope things will improve, but honestly not sure they will any time soon. And yeah, the XRP side of things was definitely to cover themselves, and not want to be in that potential mess. I think that is a reason for not having Tether too, it comes with historic baggage even if those issues aren't present anymore. USDC makes sense to limit their own risks, even though Tether is still more popular overall. What sucks is how much influence they have on overall markets. When they back something and have financial interest in it, and add it to their exchange but not its competitors. I would love to see it more open to other ones faster, but not sure it will be.