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Coinbase Executive Explains Why the US-Based Crypto Exchange Will Beat Out Competition Like Binance, FTX

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Coinbase chief product officer Surojit Chatterjee says he’s confident his exchange can beat out its top competitors.

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

In terms of why we think we are in a good place, I think, first, our focus on trust. That we want to be the most trusted option for customers, period. And that comes from our investment in security, preventing hacks, compliance, and this is a lot of investment for many years. You know some of our competitors may not focus on it. 

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

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

Lastly, the Coinbase executive argues the exchange’s integrated product suite gives them an advantage.

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“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 our products and services, so it’s not just 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 you can do without leaving our platform, with a single account.”

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  • Source: https://dailyhodl.com/2022/08/17/coinbase-executive-explains-why-the-us-based-crypto-exchange-will-beat-out-competition-like-binance-ftx/

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