Interesting timing, considering the recent rise in price.
Does anyone remember when Circle exited the Bitcoin brokering business? At the time, they and Coinbase were the two biggest onboarding platforms in the US. Almost directly after they cut off their services, the 2017 bubble erupted.
I wonder what'll happen this time, now that they seem to be getting financially squeezed again.
Does anyone remember when Circle exited the Bitcoin brokering business? At the time, they and Coinbase were the two biggest onboarding platforms in the US. Almost directly after they cut off their services, the 2017 bubble erupted.
I wonder what'll happen this time, now that they seem to be getting financially squeezed again.
This must be a very uncanny coincidence that can be tell-tale sign of many good things to come for Bitcoin. The reason the CEO cited can be true as we know that doing crypto-related business in USA can be so restrictive -- remember that for now there is no clear-cut policy of the government for this sector and there is no single law passed that focused on cryptocurrency business and trading. The government is operating under existing laws in dealing with matter of this industry. Another reason can be strong competition and less market share prospect. Let's just hope this will not spill-over to other fintech companies doing business in USA.
