Coinbase VS Binance Valuation - is Binance way undervalued? - page 2.

SaShiRaJaVu

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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

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

There is a major difference in the business aspect of Binance which is registered as a company elsewhere other than the US and Coinbase who is registered in the US and so is the reason they are able to list the coin in the stock exchange which is a huge thing. The reason for the Binance coin to move higher in the past few weeks is that more developers started to develop their project around BSC chain.

icopress

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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).

Ludmilla_rose1995

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For me, Binance is the best and biggest exchange. The trading volume on the Binance exchange in 24h is $ 43 billion

Whereas the trading volume on the coinbase exchange in 24h is $ 3 billion. I has been seen it on CMC https://coinmarketcap.com/rankings/exchanges/

Even though in several countries the Binance website has been banned, there are still a lot of people who trade on the Binance exchange.

kpierce77

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Quote from: hugeblack on April 15, 2021, 04:19:49 AM

Both are overvalued due to the sudden increase in the number of users during the first quarter of this year and the increase in the value of Bitcoin.

If the competition is between Coinbase VS Binance, then Coinbase is valued at less than its value compared to Binance or vice versa.

- Binance value is not true because they are manipulating BNB price and BSC volumes.
- Binance can manipulate the value of a lot of altcoins.
- Binance does not have clear regulatory information.
- Many of altcoins that are listed are subject to how Binance make profits from them not its real value.

I just wonder if manipulation can be done on a large scale? we know that binance has a very large user. I agree with you that both of them are overvalued, but in terms of manipulation maybe the manipulation they do is not a large percentage and under certain circumstances, I'm just guessing that they did it to make short-term profit on a certain coin.

Crypto is closely related to current trends, NFT, Dex and others. a lot of money has come in from retail investors who are new to crypto in the last few months, that's why their value has increased so much

int03h

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Coinbase has a much more realistic and transparent user base. The projects listed on Coinbase are all quality.
Binance has a variety of cryptocurrencies listed, and many of them have fake trading volumes. They have many tricks to engage users and add value to projects.
Binance is like a tank for whales and sharks to pump altcoins.
I find Binance to reach users more easily than Coinbase.
But on the issue of brand valuation, I find Coinbase more valuable than Binance when they are based in the US and fully comply with strict regulations in this country while Binance is still not based or registered clearly. Binance they have employees around the world under CZ's leadership is something I find interesting about this exchange. Organizational dispersion is not synonymous with decentralization.

hugeblack

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Both are overvalued due to the sudden increase in the number of users during the first quarter of this year and the increase in the value of Bitcoin.

If the competition is between Coinbase VS Binance, then Coinbase is valued at less than its value compared to Binance or vice versa.

- Binance value is not true because they are manipulating BNB price and BSC volumes.
- Binance can manipulate the value of a lot of altcoins.
- Binance does not have clear regulatory information.
- Many of altcoins that are listed are subject to how Binance make profits from them not its real value.

alex juhir

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>:(Valuation is not just what you see on face value. It also includes assets, working tech, and other stuff which evaluators would be looking at. Coinbase, being one of the first movers of centralized exchanges and still at it even after almost a decade tells you a lot about their reputation plus the value that they have put into the company. Also, Binance, being one of those 'cowboy' exchanges that does not want regulations touching its platform is simply a no-go for investors with deep pockets, as they don't want to endanger their investments from such a platform that is raking up a lot investigations, complaints, and the likes. If you're already risking money on an investment, why increase the risk even more on something that is always being chased by regulators and always on the edge of being shut down?

amishmanish

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Quote from: stompix on April 08, 2021, 03:57:56 PM

--snip--
What is Binance without Zhao ? If he gets arrested or disappears like people are doing lately in China from Okex owner to the Chief of the Interpol Binance is done for. And with plans like this, it won't be long.

This is what the article says about the Tai Chi strategy:

Quote

The leaked Tai Chi document, a slideshow believed to have been seen by senior Binance executives, is a strategic plan to execute a bait and switch. While the then-unnamed entity set up operations in the United States to distract regulators with feigned interest in compliance, measures would be put in place to move revenue in the form of licensing fees and more to the parent company, Binance. All the while, potential customers would be taught how to evade geographic restrictions while technological work-arounds were put in place.

While I do not believe that US customers need to be "taught" technological turnarounds, yet this plan to find a footing and a legal face for its products within US mainland is not beyond Binance or CZ. For example, while Binance asks for KYC, The funds on BSC do not. A verified user can easily and very cheaply shift their funds to BSC. (Which is basically a centralized network using Binance owned nodes, hence the low fees). On BSC, the whole ETH based DeFi is being recreated and people are jumping on to the bandwagon due to the low fees.

Binance isn't the most legal of entities and a binance IPO is not something that can happen anytime soon. That will not stop CZ from doing his own thing. Binance is going to list the Coinbase stock in its own version..LOL..

Lizzylove1

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I love both Coinbase and binance exchanges. But binance exchange has helped me more since am outside the US. Binance came to my recuse when ETH network made me abandon uniswap trade. Both are good in driving cryptocurrency mass adoption. Binance has been more helpful around the globe.

bryant.coleman

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Quote from: yhiaali3 on April 12, 2021, 11:59:17 AM

Binance has surpassed Coinbase by great stages, Binance has made tremendous progress over recent years and has become the first in the level of exchange platforms as well as various crypto services, Binance network is growing very large and the number of tokens that rely on Binance network instead of Ethereum.
BNB coin is now ranked third in the market and its price increases dramatically. It jumped from 20$ only a few months ago to around 600$ at the current time, in fact this is a very big jump and with the token burning continuing, the price will certainly continue to rise.

Binance and Coinbase have their own advantages and it will be wrong to say that one is superior to the other. But ultimately one of these two will emerge as superior. The competition between these two platforms reminds me of the battle between Google and Yahoo two decades back. Back then, Google emerged on top, partly due to intelligent acquisitions. Binance has also taken the same route, by acquiring small regional cryptocurrency exchanges.

yhiaali3

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Binance has surpassed Coinbase by great stages, Binance has made tremendous progress over recent years and has become the first in the level of exchange platforms as well as various crypto services, Binance network is growing very large and the number of tokens that rely on Binance network instead of Ethereum.
BNB coin is now ranked third in the market and its price increases dramatically. It jumped from 20$ only a few months ago to around 600$ at the current time, in fact this is a very big jump and with the token burning continuing, the price will certainly continue to rise.

el kaka22

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Binance valuation is basically... a secret? I don't know if secret is the right word, or hidden would be. However people need to realize this, binance spent 400 million dollars just to buy CMC and that's just one acquisition they did, they bought out some other stuff as well, safepal, swipe and many others. so that 68 billion dollar valuation is nothing compared to binance, they are probably already at around 500 billion dollar valuation.

What you have to realize is that these companies have constant cash flow and that makes a company very valuable, facebook was valued at a high number even when they were losing money, amazon did as well as google, these companies are tech companies that didn't even profited and was worth a billion dollars before their first profit. Think about how much Binance will be when they have billions of dollars cash in hand and bigger cash reserves than 99% of the worlds companies, only handful of huge banks have bigger amounts.

Koro-Sensei

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As long as ETH's gas is high, more and more project will go to Binance smart chain and by this price would probably be rocketing more and more. But, as much as it seems like, BNB has been up for a long time and ETH 2.0 is coming and probably be taking away some of BNB's investors.

bryant.coleman

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Binance (BNB) has gone up very sharply over the last few weeks and the current valuation is more than the expected market cap of Coinbase upon its NASDAQ listing. So it will be wrong to say that Binance is undervalued at current prices. Actually it was underpriced a month ago, but that is no longer the case. And IMO, Coinbase deserves a higher valuation compared to Binance. Coinbase is having most of its user base from the United States, while for Binance the users from US constitutes a small minority. Another very important factor is that Binance doesn't enjoy a very comfortable relationship with the government authorities.

darewaller

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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 think BNB went up a lot already, that is why it is not a shock that coinbase impacting on BNB price. However, we have to also understand that Binance making a profit doesn't mean that BNB is going up, those could collide time to time but that doesn't mean it has to. This is the same reason I never liked XRP and now world pushes me towards liking BNB as well, Ripple company making money doesn't mean XRP will go up, XRP only goes up if you buy it.

Same goes for BNB, if Binance makes a ton of money (and in this case it just goes up in valuation) that doesn't mean that they will use it all to buy BNB and burn it, they are just going to keep that profit, and maybe improve Binance which would have some impact but that's it. Plus Binance is not an american company paying taxes there and grows there, they applied for some stuff and have binance.us I think but real binance is not that, so valuation of an american company usually looks bigger when the other company is bigger.

capcaypro

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Quote from: Fesatmas on April 08, 2021, 10:32:20 AM

for me nothing is superior, because both are very important roles in increasing income. The existence of coinbase has poured large amounts of funds into every country, and from that income the Binance exchange is no less extraordinary.

I agree Smiley both from Coinbase and Binance there are advantages and disadvantages of each but for Binance itself it is now more superior because apart from building and managing Binance DEX they are also committed to burning 20 percent of the profit in trading fees every four months and the end goal is to burn 100 million BNB tokens that were sold during the initial coin offering (ICO).

but apart from that Coinbase and Binance are both profitable.

DoublerHunter

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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

^ Based on my understanding, in legal, Coinbase a lot of advantages against Binance. Technically speaking, valuation does take sets of auditing and evaluation from the legal department and accounting. Meaning to say that, the more organized and proficient you are in taking care of your finance the more like you get a better valuation or at least accurate evaluation. There is also a perspective that Binance undervalued themselves for a reason. Such as tax purposes? Not to say laundering, but tax strategies. Nevertheless, if your company is big enough, it would be best to keep your company undervalued. You will get a lot of advantages anyway.

stompix

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Quote from: slapper on April 09, 2021, 12:59:31 PM

The regulation for US investors is stricter and that made Binance choose to put its company in Malta.

Binance has never had its headquarters in Malta (admitted by CZ) nor have they ever received a license to operate there:
https://decrypt.co/20467/why-malta-ended-its-love-affair-with-binance

It is just one of the multitude of lies and smokescreens Zhao throws every time he feels cornered and the reason why I'm saying the value of those two companies can't be compared. It's like Megaupload and google drive, one has the insane traffic and user base while with the other you know your files are safe from a police raid that would seize all servers.

slapper

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No, they are not undervalued. Coinbase has more advantages because it is a US-based exchange while Binance locates outside of the US. The regulation for US investors is stricter and that made Binance choose to put its company in Malta. Binance also is the highest volume exchange and thus, I do not think that people undervalue Binance. In the cryptocurrency market, people like the decentralized system which makes veteran crypto enthusiasts do not want to involve with Binance coin. Nevertheless, I still see BNB as a promising asset.

mu_enrico

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Based on the OP, tho I didn't do a fact check. Binance valuation is lower than Coinbase because of what Stompix said. Remember, the risk associated with the business also affects its valuation. Yep, Binance can disappear anytime since its HQ is located on Cayman Island (maybe, I'm not sure), unlike a US-based, licensed exchange like Coinbase.

However, I don't think the valuation matter for Binance as lawlessness makes Binance favorable with no KYC, low fees, etc. So you can't have both high valuation and shady things.

Topic: Coinbase VS Binance Valuation - is Binance way undervalued? - page 2. (Read 475 times)