Coinbase Lagging – Binance on the Way to Becoming King of Bitcoin?

Farewell Coinbase! – The struggle at the top to be ” the best “ cryptocurrency exchange platform continues even after the sharp drop in the Bitcoin market in recent months. The giant Binance would thus have just exceeded Coinbase- recently victim of FUD rumorsin one area: that of bitcoin holding.

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Coinbase loses ground against Binance

Coinbase is a patriarch among cryptocurrency exchanges. Launched in June 2012 by Brian Armstrong, the platform has established itself as one of the most defined in the cryptosphere. To the point that the company was able enter the Nasdaq stock exchange (COIN stock) in April 2021.

For its part, the crypto-stock exchange Binance was founded in September 2017 by Changpeng “CZ” Zhao. The latter was able to impose itself quickly in terms of trading volume. As well as in terms of innovationlaunching its own token (BNB) as soon as it opens, then its own blockchain(s).

Binance reportedly recently beaten Coinbase in a new realm, according to a tweet from Will Clement. The analyst of Software block solutionswhich cites data from Glassnode, indeed claims that the CZ platform would now have no more bitcoins under management than that of Brian Armstrong.

Total bitcoins under management of Binance and Coinbase. – Twitter account @WClementeIII / Data source: Glassnode

Be careful, however, even if The dynamic is indeed clearly in favor of Binance, some data sources still put Coinbase ahead. According to the Coinglass site, for example, Coinbase would hold approximately 615,000 BTC on behalf of its customers. Where Binance would hold 505,000 BTC.

Binance seems in any case on track to double its ancestor, if it has not already been done. Car despite the regular ones attacks from financial regulators of the planet, Binance continues to grow all over the world, seeking to obtain compliance licenses. As with its recording to the status PSAN in France, in May 2022.

In France, at least things are clear! Registration with the AMF, PSAN status, the CZ platform is in the nails.Run to register on BinanceTHE absolute reference of crypto exchanges (affiliate link).

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