Coinbase Goes To War With Binance | Bitcoin Update

by | Mar 12, 2023 | Simple IRA | 40 comments




Today let’s look at Bitcoin, Crypto and US Markets. Let’s talk about what Coinbase did to Binance. Also lets look at Bitcoin.

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0:00 Intro
1:25 Market Update
2:20 US Home Sales
3:20 Next Rate Hike
4:04 DXY
5:10 Bitcoin Indicators
8:40 Coinbase | BUSD
13:45 Base | Optimism
16:15 Robinhood | SEC
17:25 QA

🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change….(read more)

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Coinbase, one of the world’s largest cryptocurrency exchanges, has gone to war with rival Binance in a bid to capture more of the lucrative digital asset market.

The feud began when Coinbase CEO Brian Armstrong accused Binance CEO Changpeng Zhao of using underhanded tactics to promote his exchange’s own token, Binance Coin (BNB). In a series of tweets, Armstrong accused Binance of “deceptive marketing” and “playing the system” by giving away free BNB to users who shared referral links.

Binance has long been known for its aggressive marketing strategy, using a range of tactics to draw in new customers, including offering discounts on trading fees, sponsoring high-profile events and launching its own crypto-dedicated debit card. The exchange has become one of the most popular in the world, with a reported 15 million users and $6 billion in daily trading volume.

However, Coinbase has also been expanding aggressively, and the company is now looking to push back against Binance’s dominance. Last year, Coinbase acquired crypto custody firm Xapo for $55 million, giving the exchange access to a vast pool of institutional clients. The company has also launched a range of new features and products, including Coinbase Pro, Coinbase Wallet and Coinbase Custody, to target different segments of the market.

The battle between Coinbase and Binance is emblematic of the broader competition between traditional financial institutions and crypto-native firms. While traditional banks and brokerages have been slow to embrace digital assets, firms like Coinbase and Binance are rapidly expanding their footprint in the crypto space, offering a range of services that cater to the needs of both retail and institutional investors.

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As demand for cryptocurrencies continues to grow, so too will the competition between exchanges. While Binance’s aggressive marketing tactics may have helped it capture a large share of the market, Coinbase’s reputation for trust and security could prove to be a key advantage in the long run. Regardless of who emerges victorious in this particular battle, one thing is clear: the future of the digital asset industry is likely to be shaped by these two titans of the crypto world.

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40 Comments

  1. Michael Anthony

    All of this regulation will help catapult decentralization.

  2. Universal

    ⚡️

  3. PBBM

    War of Balds!

  4. Bruno pohl

    Ich werde dir für immer dankbar sein, du hast mein ganzes Leben verändert und ich predige weiterhin in deinem Namen, damit die ganze Welt hört, dass du mich mit nur einer kleinen Investition vor einer riesigen finanziellen Verschuldung gerettet hast, vielen Dank, Michele Benjamin

  5. Tonya Anderson

    Billions of people .. tons of money and they have to go to war. So stupid and terrible for crypto. It is super expensive to send anywhere , tons of scamming , difficult to navigate and not get scammed . Going mainstream seems impossible. Buying cyrpto for what and no use.

    I used the btc atm. $60 to send $500 BTC. Ridiculous and now Binance and Coinbase want to go to war. Crypto feels childish.

  6. Hope Barjesteh

    Untill you can transfer my country’s currency into a dex directly coin base and Binance are not going anywhere

  7. Happy Brown Monkey

    Sell ASAP, the market will gradually go down

  8. CowLevelCrypto

    I wonder how many of those "still holding" after ten years are paper wallets that got tossed or lost by mistake long ago.

  9. M. Kooot

    So many people are going to laugh when the cryptoverse totally collapses

  10. heimatlos

    Dude the housing market is collapsing right now.

  11. Pratim Putatunda

    WAKE UP… USDT is by default the biggest stable coin out there. And will remain so.

  12. STRESS LESS

    Coinbase is garbage. Always has been and always will be. Its the iphone and xbox of the crypto world…..garbage

  13. Joseph Roney

    It feel like you are chilling Coinbase over Binance subtly. Same from Altcoin daily. Hmm…?!

  14. Smoxar

    Gary Gensler should be canceled to be honest hes manupilating the markets plus he wants the SEC to have control over crypto so they can steal from people like they do now.

  15. Robert Wyatt

    I’m not George thsnks

  16. * Seasonednuts

    with macros in the current state that it is I dont see how money is coming into this market

  17. crypto hodl

    Corn-based rent

  18. David Longhorn

    Can you do an episode on tron I have been buying that up and using it daily.

  19. Dave Hackney

    Of this we were all warned and Max Keiser was the messenger 😉

  20. wegder

    Binance is toast

  21. Crom CCCXVI

    u better hope that 10yr holder BTC moving isn't the CIA or Gov't getting ready to crash it

  22. Crom CCCXVI

    actually debt is flying up… and no one plans on ever paying it back

  23. Charlie McIntyre

    Get out of coinbase. I got hacked and lost money with no support from coinbase. Terrible company

  24. Dominique Convents

    Coinbase and Circle are supported by the US. That's also why USDC will succeed. It will become some kind of a CBDC but not completely.

  25. GoLeafs Go

    Core capital is a bullshit number.

  26. P R

    busd is being downsized, cz himself hinted at that. Why would CB keep it listed when they couldn't keep xrp?

  27. Gil Torres

    You should have mentioned that a big percentage of the 10 year olders are in fact lost keys

  28. cortarelva

    Coinbase is going to either go bust or get swallowed by Binance. Give it a year or two.

  29. Ivan Biarozkin

    What u talking about dexes are still getting better, have u checked Vela or Gmx or Apex dexes , easy to use and its completely decentralized and fees even better and cheaper then CEX s , come on George u can do better

  30. Rob Schuman

    Garry needs to be investigated for his participation in the ftx scam …

  31. HM

    George only likes shows with explosions

  32. Okennnnn

    For those that hold smart chain (BNB) NFT'S for each NFT you hold,you can expect to receive the airdrop on the ETH side to the holding wallet.

  33. james bolton

    Be the first to get FREE MONEY(420$)!!! seed phrase of trustee wallet(crypto wallet)- climb hard swear sport drastic profit genius quarter deny opera what brisk

  34. Peter Inglese

    Janet yelland is really tweety bird. Listen to her voice.

  35. Peter de jong

    the sheriff of Nottingham was a scum bag in the movie, sec imo

  36. Boss

    COINBASE is the BEST

  37. 10th Doctor

    the 2024 BTC halving event is not going to be the bull run people are hoping for, and the space is going to freak the F out. likely going to be 2032 before we see ATH’s.

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