BIGG vs CoinBase
BIGG management has taken the position that regulation is inevitable, and is preparing the company to operate in a future crypto regulated business environment. I agree 100% with management. There's no way that government will stand by, indefinitely allowing crypto coin to operate with a free hand. In no other industry is government sidelined. Also, traditional financial heavyweights will soon want a piece of the pie and will encourage regulation as a way to weed out smaller players.
So when Coinbase CEO Brian Armstrong states "regulation is one of the biggest threats to the industry", imo, Conway is (a) making a self serving statement (b) foolishly goading government to act quicker to bring in regulations (c) if Coinbase is not taking steps to prepare for a regulated world, like BIGG, then Coinbase will be overtaken by rivals. Sure, Coinbase will have its moment in the sun today. But for the long haul, BIGG is on the right track.
https://www.cnbc.com/2021/04/14/coinbase-investor-conway-crypto-economy-is-the-next-multi-trillion-dollar-opportunity.html