Coinbase holds more bitcoins that any other exchange. Plus they have a USD gateway, which has been their biggest draw. Also, US based users aren't even allowed to use Binance or Huobi at this point... and the US is currently one of the biggest markets in crypto. Coinbase tends to be the first place retail goes to get involved in crypto. Getting a listing on Coinbase has long been considered the holy grail in crypto for altcoin projects. Though, a listing on there doesn't carry the same weight it once did.
You are viewing a single comment's thread from:
Oh okay, I get it and understand their importance. However, other than coinbase, aren't there other services that facilitate crypto to fiat exchange for people in the US?
In terms of Exchanges, there aren't many... only a handful. The good news is that list is expanding. Bittrex recently got added to the list of exchanges with fiat gateways.
Okay that's progress. Maybe if people stop paying way too much attention and giving coinbase too much credence, they might loosen their stance and take the stick out of their ass. Sort of like reverse psychology