Well, I believe he only said that because of the regulatory backfires he(coinbase) has been facing.

His major point was that in trying to get legal approvals and sorts, he’s faced so much difficulties as the business is new and there are almost no laws in place for it so they have to expend resources and face continuous scrutiny from regulators and all that.

This is his major reason for wanting a decentralized exchanged and nothing else in my opinion.

Oh yeah, they keep ignoring Hive, obvious. I love that Hive keeps making strides irrespective.

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