Binance overtakes Coinbase in terms of stored bitcoins
Not so long ago, Coinbase held the largest amount of BTC. However, since 2021, the dynamics have completely changed, with a decrease in the number of this cryptocurrency, while Binance started to increase its stocks.
Such an outcome comes from the different strategies applied by these crypto exchanges. While Binance announced additional hiring of 2,000 employees, Coinbase, on the contrary, is cutting its employees. The company recently laid off about 18% of its employees as well as suspended its Coinbase Pro platform and affiliate program.
Furthermore, the North American exchange continues to receive negative press coverage. There have been many rumors of a crisis for the exchange after Coinbase suspended its affiliate program. Coinbase's misfortunes continued with the collapse of its NFT market and the stock market's decline.
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