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A comment on Coinbase cuts staff by a further 20%. Parent comment

Re:Coinbase cuts staff by a further 20% by Kukumber on Tuesday January 10, 2023 @03:19PM (#34330874)
Coinbase reputation got hit when people found out about their insider trading [1], on top of them hiring ex-wall street people

Coinbase also is 10x less volume than Binance [2]

You have all of this, then the press who keep advertise them despite the poor metrics, something doesn't sound right

I think it's fair to say people made their choice and the choice is Binance

The narative can't be forced like with other industries, unless you get help from the press and push some FUD, hmm

Or with the help of the CIA with FTX as a poison aimed at Binance, hmm

[1] - https://www.justice.gov/usao-sdny/pr/three-charged-first-eve...

[2] - https://coinmarketcap.com/rankings/exchanges/

[ Parent | on HN ]
Re:Coinbase cuts staff by a further 20% by KrakenEng on Tuesday January 10, 2023 @05:45PM (#34332595)
Binance can create its own volume out of thin air. This would be harder for Coinbase, due to their nature as a public company. The truth is, it's hard to know what is happening inside Binance.
[ Parent | on HN ]
Re:Coinbase cuts staff by a further 20% by Kukumber on Tuesday January 10, 2023 @08:16PM (#34333763)
That's true, but that's easy to track, as everything in the blockchain is transparent, that's how people found out about the insider trading at Coinbase
[ Parent | on HN ]