No, Coinbase is not the big player for actual crypto to crypto trading pairs. That’s Binance. FTX was #2 on that list. Coinbase is the USA’s #1 fiat on-ramp. Fi

No, Coinbase is not the big player for actual crypto to crypto trading pairs. That’s Binance. FTX was #2 on that list. Coinbase is the USA’s #1 fiat on-ramp. Fiat on-ramps are a different category. You are an investor. The people using Binance and FTX are traders. Traders are looking for exotic pairs, more leverage, more derivatives, and lower fees. Whether or not Coinbase is even a tenable business long-term is actually a legitimate question given that there’s no big profits to be made as a fiat on-ramp —- everyone assumes they’ll profit like a major trading platform but they are hindered by being legal.