Binance and the US Crypto Market

Coinbase's user base is more skewed to the US market than pretty much any other exchange. So yeah, they're really getting hurt. They are leading the charge in driving forward regulation. But they also have to be, I don't think anyone else is there. And Binance for all of the turmoil that they have been in over the past few weeks will gain just from being not so tied to the US in that respect.