{"id":6900,"date":"2023-11-22T15:42:39","date_gmt":"2023-11-22T15:42:39","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=6900"},"modified":"2024-03-27T12:42:38","modified_gmt":"2024-03-27T12:42:38","slug":"coinbase-moves-after-binance","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-moves-after-binance\/","title":{"rendered":"Coinbase Moves After Binance"},"content":{"rendered":"

Coinbase Moves After Binance. Binance\u2019s<\/strong><\/a> agreement to pay a 4.3 billion<\/strong> dollar fine and acceptance of charges in the US, along with CEO Changpeng Zhao’s<\/a><\/strong> resignation, will be seriously inscribed in crypto history. Binance’s biggest competitor, Coinbase<\/strong>, sees this as both a teachable moment and a validation of its approach.<\/p>\n

In a statement on Tuesday, Coinbase CEO Brian Armstrong said, \u201cSince Coinbase was founded in 2012<\/strong>, we have taken a long-term view. I knew that we needed to embrace compliance to become a company that stood the test of time across generations.”<\/p>\n

\u201cWe have obtained licenses, hired compliance and legal teams, and made it clear that our brand is about trust and adherence to rules.\u201d<\/p>\n

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Since the founding of Coinbase back in 2012 we have taken a long-term view. I knew we needed to embrace compliance to become a generational company that stood the test of time. We got the licenses, hired the compliance and legal teams, and made it clear our brand was about trust\u2026<\/p>\n

\u2014 Brian Armstrong \ud83d\udee1\ufe0f (@brian_armstrong) November 21, 2023<\/a><\/p><\/blockquote>\n