Users of long-time Coinbase competitor CEX.io will have gotten an e-mail today informing them of the exchange’s decision to open a U.S. entity.
Easy On-Ramps Everywhere You Look
As one of the few exchanges to accept credit cards for several years now, CEX has finally decided to launch a U.S. wing.
In addition to Binance’s Westward expansion, Coinbase may find itself actively fighting to keep clients in the coming years.
Binance’s main branch currently offers credit card deposits via Simplex, a service that integrates with numerous exchanges and wallets to help people acquire crypto at a premium.
Coinbase, on the other hand, offers market-rate crypto plus a fee and often plays a significant role in the market’s rolling volume. If CEX opens an equally attractive product, will they suddenly wield that kind of influence as well?
CEX Targets Dissatisfied Coinbase Customers
At press time, CEX had done just $5 million over the scope of its 38 trading pairs.