Coinbase VS Binance Valuation - is Binance way undervalued?

Bitstar_coin

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Quote from: nikolastech on April 08, 2021, 10:07:10 AM

So Coinbase valuation is $68 billion ahead of landmark U.S. listing, Binance is a lot bigger and has a lot more to offer like the binance blockchain, i think we going see a rocket on Binance coin this month https://coinmarketcap.com/rankings/exchanges/

Binance coin semes way undervalued to me right now, keep and eye on Binance coin Wink

Binance and bnb certainly has lots to offer, well at least Binance the exchange does, everyday there are new upcoming features, events going on in binance which no other exchange dare to introduce, binance always looking for ways to make exchange fun and exciting to use, reason why I believe bnb will grow even bigger, as long as binance keep up this track there is no limit to what they can achieve,

People who think bnb is centralized and not a good investment option, well compare to other exchange coins/tokens I will choose bnb because it seem to be the only exchange coin with such innovation.

Quickseller

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Quote from: icopress on April 27, 2021, 10:40:48 AM

Quote from: ivankoh on April 18, 2021, 09:38:48 AM

Therefore, Coinbase is still the name attending the party at Nasdaq.

By the way, if anyone does not know, Coinbase immortalized its listing on the blockchain: F2Pool mining pool included in block #679187 the title of the article «House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill Mine» by The New York Times dated March 10, 2021. Devil's Tablets of History. Cool

In some ways what is happening today is much worse than what was happening in 2008/9 when bitcoin was created. What is being pushed today is far more radical than what was happening in 2008/9. I wouldn’t be surprised to see something similar to bitcoin being released that similarly changes how interactions are conducted.

aTriz

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Quote from: nikolastech on April 08, 2021, 10:07:10 AM

So Coinbase valuation is $68 billion ahead of landmark U.S. listing, Binance is a lot bigger and has a lot more to offer like the binance blockchain, i think we going see a rocket on Binance coin this month https://coinmarketcap.com/rankings/exchanges/

Binance coin semes way undervalued to me right now, keep and eye on Binance coin Wink

I would agree with you on that. binance is a lot bigger than CoinBase. but coinbase just did an IPO. and they are publically listed in stock market now. and binance did not. I think if binance get listed publicaly same as coinbase then bincance coin value would increase a lot.
there is another option as well. which is that I think Stock share and a native coin both are different thing. even if binance do an IPO and get listed in public stock markets the BNB might increase but not as much as we are thinking.

icopress

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Quote from: ivankoh on April 18, 2021, 09:38:48 AM

Therefore, Coinbase is still the name attending the party at Nasdaq.

By the way, if anyone does not know, Coinbase immortalized its listing on the blockchain: F2Pool mining pool included in block #679187 the title of the article «House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill Mine» by The New York Times dated March 10, 2021. Devil's Tablets of History. Cool

ivankoh

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Quote from: scarface2069 on April 17, 2021, 05:25:36 PM

Both have their pros and cons.
Binance offers better fees, but they're a private company (can disappear any second like quadriga)
Coinbase is publicly traded (which is awesome) but their fees are high.
I personally started using Netcoins, publicly traded AND low fees, I really trust them with my money.

Yea, Coinbase is still the launch pad for the coins listed here. Binance has a larger user base than coinbase but has a long history of being asked for due diligence on the quality of service provided. Therefore, Coinbase is still the name attending the party at Nasdaq. Recently, when launching the Binance Smart chain, Binance was valued a lot higher and it really is a big counterweight to coinbase in the near future.

michellee

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Quote from: imstillthebest on April 17, 2021, 09:02:13 AM

Quote from: michellee on April 17, 2021, 08:23:20 AM

Both Binance coin and Coinbase IPO still undervalued, and if you want to invest in both, make sure you already search for more information so you know which one will be undervalued. Or you can buy both as an investment.

binance coin was older than coinbase ipo .
its the coinbase ipo that is undervalue but later on the competition will get tighter between them because coinbase can easily get investors

Yes, that will be interesting to know if the competition will be tighter than the other project because it is related to their reputations to get the new investors. But I am not sure how coinbase can attract more investors because they have a problem with their members before, making the new investors think twice. In that situation, maybe binance will take a big chance to invite more investors to join them because they have their exchange with many coins traded to allow the new investors to make additional money.

scarface2069

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Both have their pros and cons.
Binance offers better fees, but they're a private company (can disappear any second like quadriga)
Coinbase is publicly traded (which is awesome) but their fees are high.
I personally started using Netcoins, publicly traded AND low fees, I really trust them with my money.

Quickseller

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Quote from: icopress on April 17, 2021, 02:27:46 PM

Quote from: Quickseller on April 17, 2021, 01:48:26 PM

[...]

Just ignore the spammers, as I see no reason to respond to those who ignore the responses that clearly show the BNB token's relationship to Binance.

I was responding to the OP... That is what this thread is about. Roll Eyes

CarnagexD

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To be fair, the reason why Coinbase is valued higher than binance is because it is still isn't listed publicly. Give Binance the same opportunities and offers that Coinbase has been given and you bet your bottom dollar it will be appraised much higher than Coinbase is. It's a bigger exchange than Coinbase, but is still technically not publicly listed among the giants at NASDAQ, once it does, it's going to balloon in value.

icopress

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Quote from: Quickseller on April 17, 2021, 01:48:26 PM

[...]

Just ignore the spammers, as I see no reason to respond to those who ignore the responses that clearly show the BNB token's relationship to Binance.

Quote from: Stedsm on April 17, 2021, 01:59:29 PM

Coinbase even gained a lot of popularity worldwide due to their insane unmatched volumes in terms of providing deals in BTC that not exchange could match even in today's date.

I completely forgot to mention this ... but Coinbase has gained popularity also because the company has been taking steps in the right direction since 2012. Literally from the moment of its foundation, or rather from the moment when Coinbase got into a startup incubator YCombinator, Brian Armstrong got access to huge human resources and money from top funds, (If anyone does not know, at the initial stage of development, Coinbase was called Bitbank).

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Stedsm

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Binance coin is just a part of the Binance exchange and not the whole exchange itself. Binance coin is just used as fee reduction coin and that's it, while Coinbase had been there for years since BTC started its journey. Coinbase even gained a lot of popularity worldwide due to their insane unmatched volumes in terms of providing deals in BTC that not exchange could match even in today's date.

Quickseller

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Quote from: nikolastech on April 08, 2021, 10:07:10 AM

Binance coin semes way undervalued to me right now, keep and eye on Binance coin Wink

The Binance BNB coin does not represent ownership in the binance exchange, it is a utility token that allows customers to receive discounts on trading fees paid to binance.

I would not anticipate the BNB coin going up merely because other exchanges have become more valuable. Or even because the value of Binance's business has increased.

imstillthebest

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Quote from: dezoel on April 17, 2021, 03:48:12 AM

Binance is not undervalued by anyone, and in fact when you talk about cryptocurrency exchanges,most people will always tell you that Binance is the number one exchange in the world, they have a huge user base around the world more than Coinbase does and I hardly see anyone mention Coinbase like they do Binance.

for the person that didnt heard of binance it is undervalued to them but for us binance isnt undervalued because of its popularity but we cant ignore the other giant and that is coinbase ,
coinbase is also recomended when someone ask for trusted exchange .

Quote from: michellee on April 17, 2021, 08:23:20 AM

Both Binance coin and Coinbase IPO still undervalued, and if you want to invest in both, make sure you already search for more information so you know which one will be undervalued. Or you can buy both as an investment.

binance coin was older than coinbase ipo .
its the coinbase ipo that is undervalue but later on the competition will get tighter between them because coinbase can easily get investors

michellee

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Quote from: nikolastech on April 08, 2021, 10:07:10 AM

So Coinbase valuation is $68 billion ahead of landmark U.S. listing, Binance is a lot bigger and has a lot more to offer like the binance blockchain, i think we going see a rocket on Binance coin this month https://coinmarketcap.com/rankings/exchanges/

Binance coin semes way undervalued to me right now, keep and eye on Binance coin Wink

If we talk about valuation, we do not know which have bigger valuation because we only see from data that we do not know if that is right. The real data will be on their side and I am not sure they will reveal it to the public. But we can not deny that Binance is bigger than the other exchanges as we can see on CMC, Binance is on the number one of that list. Maybe Coinbase Pro have a bigger valuation than Binance but they do not show the real data to the public.

Both Binance coin and Coinbase IPO still undervalued, and if you want to invest in both, make sure you already search for more information so you know which one will be undervalued. Or you can buy both as an investment.

icopress

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I've always been "impressed" by people who prefer not to read the previous answers in the thread ... Among other things, Coinbase is the safest exchange at the moment, ("they keep 98% of all crypto balances in cold storage, helping protect your assets from would-be online thieves" + "Coinbase is one of the only exchanges that offers FDIC insurance on USD (US Dollar) deposits"). ^{[Cold storage and crypto vaults:]}

Quote from: icopress on April 15, 2021, 01:07:19 PM

So let's be clear about something ... First, Coinbase and Binance are not competitors to each other, despite the fact that each of these exchanges has 50 million users. Both exchanges have different goals, with Coinbase targeting USA and Europe while Binance is targeting Eurasia and South America, (to simplify, we can say that it is a matter of jurisdiction, and politics).

Second, the appraised values of these exchanges differ significantly. Despite the colossal trading volumes, everyone forgets that before founding, Binance enlisted the support of the Asian Whales in exchange for long-term trading incentives. I will not be too unfounded, but judging only by the numbers, then Coinbase already has 12% of the total crypto market capitalization at its disposal. You can say that BNB is breaking records, and the capitalization of this token is $ 80 billion - but in reality it is just an altcoin, if Binance announced the IDO now, then BNB would not be included in the estimated value of Binance, (correct me if I am wrong).

dezoel

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Binance is not undervalued by anyone, and in fact when you talk about cryptocurrency exchanges,most people will always tell you that Binance is the number one exchange in the world, they have a huge user base around the world more than Coinbase does and I hardly see anyone mention Coinbase like they do Binance.

And if you check on Coinmarketcap.com, Binance truly has the highest volume, so it is a lot bigger than other exchanges, as you said. Nobody is rating it below that, and nobody can do that, because the facts to prove it are there. Binance coin is already doing great, and I also invested in it because I believe it will still increase to a worth that is more than what it is right now.

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Quote from: Reid on April 15, 2021, 09:21:03 PM

Restrictions.
Asia is a large continent and Binance conquered it.
For an Asian, it would always be Binance as the first pick.

On the other hand, when you are a European or a US citizen you are more likely to end up in Coinbase.
The two have their own colony but I don't like how Binance is trying to hoard altcoins in exchange for listing.
There are other ways to prove the authenticity of a project to avoid scam attempts. With them holding a huge amount of the altcoin to be listed, it could lead to manipulation. I guess that's where they have obtained the high value.

Binance previously tried to increase its user base in the United States, but obstacles happened in the form of regulations and were forced to scale back their plans for that market. Asia is a growing market and there is no doubt about it. But the no.1 market (in terms of volumes) is North America and that is unlikely to change in the near future. But in terms of altcoin trading, Binance is a step ahead of Coinbase.

Reid

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Restrictions.
Asia is a large continent and Binance conquered it.
For an Asian, it would always be Binance as the first pick.

On the other hand, when you are a European or a US citizen you are more likely to end up in Coinbase.
The two have their own colony but I don't like how Binance is trying to hoard altcoins in exchange for listing.
There are other ways to prove the authenticity of a project to avoid scam attempts. With them holding a huge amount of the altcoin to be listed, it could lead to manipulation. I guess that's where they have obtained the high value.

verita1

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I also believe it. Binance is slowly giving the community a wide range of products. Today for the first time I made my first P2P exchange in the fast option. I felt a little nervous for fear of making a mistake but everything went well. It was a good experience from my phone. CZ is building the best exchange on Binance and I am not surprised to see BNB go to the moon.

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Quote from: nikolastech on April 08, 2021, 10:07:10 AM

So Coinbase valuation is $68 billion ahead of landmark U.S. listing, Binance is a lot bigger and has a lot more to offer like the binance blockchain, i think we going see a rocket on Binance coin this month https://coinmarketcap.com/rankings/exchanges/

Binance coin semes way undervalued to me right now, keep and eye on Binance coin Wink

Everyone here is talking about Binance valuation like it is something known. We have no idea how much it worths, have you ever tried to buy Binance shares? Because you can't and it is not existing right now, sure there are some private partners and all but it is mainly a group of people, it is not public, so that is why we do not know how much it worths.

Maybe Binance worths 1 trillion dollars? Maybe it is valued at 1 billion dollars? Both of them could be true because there is nothing in the world that says "this is how much binance is valued at" right now, coinbase has that, and I believe it is highly valued that is true but I do not think that Binance is undervalued considering the fact that it is not valued at all, something that is not valued at all can't be undervalued neither. I do not know what everyone here saying it is undervalued has found the valuation of it.

Topic: Coinbase VS Binance Valuation - is Binance way undervalued? (Read 475 times)