Now, though, Coinbase looks a little bit more like its less-trustworthy competition. So far, its offshore leverage trading offering seems nominal at best – Coinbase International Exchange doesn’t even have an app or website, operating strictly through an API. That could be the foundation for a more robust product, or it might just be the bare minimum required to make a theatrical political statement. While I doubt Gary Gensler cares much, threatening to take its toys and go overseas is one way Coinbase can rally support for a pushback against the crypto crackdown.
Source: https://www.coindesk.com/consensus-magazine/2023/05/03/i-owe-brian-armstrong-an-apology/?utm_medium=referral&utm_source=rss&utm_campaign=headlines