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There's already an exchange (Binance) with 9x the volume of Coinbase and a fraction of the fees, however, the USA has been quite hostile to them compared to CB,

by Tenoke 6y ago

There's already an exchange (Binance) with 9x the volume of Coinbase and a fraction of the fees, however, the USA has been quite hostile to them compared to CB, so it's not exactly easy to 'step up' at least there.