(Last Updated On: August 24, 2019)
Many will be surprised by this move from Kraken to Coinbase. Here are a few benefits and reasons:
- Coinbase volume is now nearly double Kraken as it has been dropping for months. This makes them the largest crypto exchange out of the USA
- Fewer crypto shows less choppiness than Kraken
- Less correlated coins to BTC
- They are trying to comply with the US regulators to kiss their butts which means over 50% of the my entire global base can be supported for crypto
- They are trying real hard to become the goto exchange for institutional capital.
- They will most likely become the place to transact with crypto as they are trying to become the default login for websites and apps.
- Just like Binance, they have way more development newsworthy stuff as compared to slow moving Kraken.