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Seeking Alpha 2021-06-28 18:19:00

Coin Metrics co-founder: Binance can resist 'regulatory impulses'; COIN more regulatory-friendly

Nic Carter, the co-founder of Coin Metrics and a Castle Island Ventures general partner, said Monday that Bitcoin (BTC-USD) exchange Binance has the ability to resist "regulatory impulses."However, Carter told CNBC that events like the ban faced by Binance in the U.K. or the recent Chinese crackdown on cryptocurrencies show that regulators have started to take the market much more seriously.Asked specifically about Coinbase (COIN), Carter said the company took a much more regulator-friendly approach to its business, especially compared to Binance."If I had to guess which entity would be around 10 years from now, it would be Coinbase for sure," he said.The Coin Metrics co-founder said the structure of China's currency makes it unsurprising that the country would look to control cryptocurrencies, especially in the form of Bitcoin mining.He also said Britain has been "historically hostile" to crypto, a long-term stance that likely contributed to the Binance situation.Still, Carter

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