Coinbase Exec Explains Why US-Based Crypto Exchange Will Beat Competition Like Binance, FTX

Coinbase Exec Explains Why US-Based Crypto Exchange Will Beat Competition Like Binance, FTX

Coinbase Chief Product Officer Surojit Chatterjee says he is confident his exchange can beat its main competitors.

In a new interview on the Unchained Podcast, Chatterjee says that competition is good for the crypto space and spurs innovation.

In terms of why we think we’re in a good place, I think our focus on trust in the first place. That we want to be the most reliable option for customers, period. And that comes from our investment in security, attack prevention, compliance, and this is a great investment for many years to come. You know some of our competitors may not focus on that.

It’s also strong risk management, strong customer support, basically not being sketchy, that’s how I say it.”

Chatterjee also says that Coinbase is “obsessed” with keeping things simple. The CPO says the exchange hopes to have a billion users in the future, and that requires “long and sustained investment in technology.”

Lastly, the Coinbase executive argues that the exchange’s suite of integrated products gives them an edge.

“If you’re a Coinbase customer, if you have a Coinbase account, we try to make it simple and easy for you to access all of our products and services, so it’s not just about buying and selling crypto, but if you want to stake your crypto, if you want to send your crypto, receive crypto, if you want to use a debit card to pay someone, if you want to buy an NFT [non-fungible token]if you want to participate in your E3 game or any other interesting application, all of them can be done without leaving our platform, with a single account.”

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Featured Image: Shutterstock/Jodi Suherman

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