Monday, October 25

Coinbase Implicitly Targets Binance

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coinbase

Coinbase, the largest cryptocurrency exchange in the USA, targeted its biggest rival Binance in its tweet.

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Coinbase proudly stated that they have never been hacked or shut down, noting that they are the “most secure” platform for trading crypto.

“Lots of news from the UK this week and it makes us think of a few things we are proud of…

We were never attacked

we were never shut down

56 million users worldwide

The safest place for your cryptocurrencies”

This tweet by Coinbase comes just after the FCA blocked Binance’s UK division from conducting any regulated activity in the country.

Binance, which was hacked in 2019, is currently facing regulatory scrutiny for various allegations in the UK, Canada, Japan and the Cayman Islands.

Coinbase’s tweet received mixed reactions. Bitcoin developer nicknamed Cobra criticized Coinbase.

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