Bitcoin Forum

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 ;)

Lol seems like you're trying to pump Binance coin more than anything here.  Also, I am pretty sure that Coinbase is the worlds largest exchange, at least for bitcoin.  Don't get me wrong, I think their evaluations is kind of crazy and I HATE them as company as I am well aware of how corrupt they are...but...I think I am still going to buy in to their upcoming IPO, it has to be a good money making opportunity in my opinion.

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.

If big guys want to buy bitcoin for example couple of Billion of dollars.
They go to coinbase not binance.

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?

Binance is a company that is not currently registered in any country in the world, has fled HK, Japan, has operated without a licenced temporary in Malta and now tries to get inside the US with a Delaware licenced company with a virtual office and 4 employees.
How much would you evaluate such a company from the shareowner point of view? Zero?

Coinbase is more than an exchange, they were holding close to 1 million coins for their customers, they are a licenced service, they have already built serious relations within the US with all the necessary lobby while Binance is running around trying to be the new piratebay. 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, (https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators/?sh=945d6b42a926) it won't be long.

Many of your points are valid but one can always tell it's a US citizen prospective. A simple look at what Binance has to offer if enough to astonish lots of folk, and mind you, these are not paper made promises, this is what's already out there and it all works. 

Valuation of a company and coin are not same! :P

BNB went to moon recently but you still consider it is way undervalued, probably you came too late and hope the miracle happens again. :D

You're comparing the valuation based from the IPO that Coinbase will have and to Binance's Coin that's also currently pumping? that's way off of a comparison and you should look to the coin's value not to the value of Coinbase itself as an exchange and BNB as a coin.

How it is undervalued if BNB is already priced in $400?

That's a lot that it had made from this bull run and doesn't look like that it will stop on that point.

The value of human dignity is not just in his face. In order to be respected by others, his character must be full of character, manners, wealth, education, technology, but he will be a real wise man.  Binance is a quality exchanger Binans is a reliable exchanger where transactions can be done fearlessly. Hopefully in the future these exchanges will go much further.

I don't think coinbase is the world's largest exchange, I would give that title gladly to Binance. Coinbase has lots of problems to get itself fixed, plus, if you just see the number of trading pairs, coins and tokens between the two exchanges, you will definitely get to realize which one is more popular and gives most opportunities to investors! Coinbase has listed countable currencies only. While, I won't disagree, the growth of coinbase is at an accelerated stage.

From where did you get the info that Coinbase is worth that much, you should have included the link.
When it comes to top exchanges in the cryptocurrency market, Binance has always been the number one, and of course I do know that Coinbase is another popular exchange and should be in the top three.

If you check on coinmarketcap.com list on exchanges, Binance has the highest volume there, and that’s around $29 billion, while Coinbase is valued around $1.7 billion, that’s a huge gap, so how one earth do you say that Binance is undervalued? ???

Considering that he opened another thread in BD with a similar topic, it is obvious that he really cares about that coin which has increased in value in the last 90 days by even x12. Because of this he probably thinks the value Binance has is underestimated, but as stompix nicely explained there is a big difference between these two crypto exchanges, which clearly positions them exactly where they need to be.

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He does not think of Binance as an exchange, but of their coin.

The Coinbase valuation for done in respect to their upcoming ICO on 14 April and their trading volume have increased over the past few years.But if you comparing a coin with company then it's wrong basis of comparison.BNB is not at all undervalued if you have monitored the price growth chart regularly.The prices went from $40-$50 to ATH of $431(current price on CMC) with span of 3-4 months and now it has market cap of $66 billion.It is trading at number 3 on CoinMarketCap just behind btc and ETH and you are saying it is undervalued?Just do you research before posting any thing completely.

How would a single post pump BNB, I think you're exaggerating. I'm not sure if Coinbase is actually the largest exchange, however their fees are outstanding and their support is terrible. I currently use Binance, and they've already implemented a lot, the exchange is one of the best I've used, while the Binance Smart Chain is extremely useful in Decentralized Finance, yield mining and so on. Their coin will definitely pump even further in the near future.

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) (https://decrypt.co/19191/binances-real-headquarters-are-in-the-cayman-islands), 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.

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.

Binance has never had its headquarters (https://bitcoinist.com/binance-ceo-responds-to-fud-about-its-malta-residency/) 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.

^ 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.

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.

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.

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.

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.

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.

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.

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.

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

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 (https://www.binance.com/en/support/announcement/0e553c69c6ab4265bf97aca31be6fbe7?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial) in its own version..LOL..

>:(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?

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.

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.

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

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.

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).

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.

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.

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.

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. 

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.

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: (https://www.thebalance.com/binance-vs-coinbase-5118288)]}

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.

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 .

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 

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.

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.

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 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 (https://blog.ycombinator.com/coinbase-from-yc-to-ipo/), 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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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.

I was responding to the OP... That is what this thread is about. ::)

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.

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.

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.

By the way, if anyone does not know, Coinbase immortalized its listing on the blockchain: F2Pool mining pool included in block #679187 (https://blockchair.com/bitcoin/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.  8)

https://i.imgur.com/qWC00s7.png

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.

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.

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.