You need to adjust your thinking for this new paradigm: the actual business logic doesn't matter. Don't say, "but Bakkt isn't as good as Coinbase" or "WLFI is a pure scam" because it doesn't matter: anything with the full backing of the US government, no matter how crappy, is going to prevail, and even decimate it's competitors.
It's true, but I would see Bakkt is a threat for Coinbase, not necessary will beat Bybit or Binance.Coinbase is mainly an American exchange that serve for US citizen, even though Coinbase has been exist since 2012, but they can't beat Binance who created since 2017.
After all, any exchanges I mentioned above aren't safe because they ask KYC and your KYC can be leaked or used by someone else. It's better to avoid everything I mentioned above and choose to use exchange that listed on kycnot.me
If Binance lost all of their American customers because Trump made them illegal here, that would be a pretty huge blow for them, I think
.I get what you might want to do, but if something was made illegal in the USA, I doubt very many people would risk doing it--especially if there was a perfectly legal alternative.
