Place/Date: - April 19th, 2023 at 7:05 pm UTC · 4 min read
Source: Big Eyes Coin
Cryptocurrency’s demand keeps growing as more in the mainstream world begin to realise its potential as an alternative form of finance. Cryptos like BNB (BNB) and Big Eyes Coin (BIG) are enjoying the fruits of a new bull market season as investors look for which altcoin could generate impressive returns on their investments.
Big Eyes Coin, as one of the most exciting presale cryptos of recent years, is leading the way as it looks to enter the market explosively. But it then poses the question: what would be the best crypto exchanges for a coin like Big Eyes to enter? In this article, we’ll assess why Coinbase could now be the best CEX for cryptos.
To quote Optimus Prime, one shall stand, one shall fall. And right now, that could be Binance. The CEX has been charged with a lawsuit by the Commodity Futures Trading Commission in the U.S. for numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.
The lawsuit filed by the CFTC has charged Changpeng Zhao, CEO of Binance, and others for this. Although it does not necessarily spell the end of Binance, it does prompt a great deal of tension within the notoriously volatile crypto market, and it could now make Coinbase the default CEX for cryptos.
So what are some of Coinbase’s strong selling points? Since 2012, it’s been making waves in the fintech world, with over 56 million users across more than 100 countries. It’s become an established platform for buying, selling, and storing digital assets. One of the key factors that distinguish it from Binance to an extent is its user-friendly interface, as the platform is easy to navigate for users to buy and sell cryptos through a variety of payment methods.
Another key feature of Coinbase is its extensive selection of cryptocurrencies. The platform supports over 70 digital assets, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Coinbase also frequently adds new cryptocurrencies to its platform, providing users with a diverse range of options for investing in the crypto market.
Coinbase also has a strong regulatory compliance framework. The platform is licensed to operate in multiple jurisdictions, including the United States, the United Kingdom, and the European Union. Coinbase complies with all relevant anti-money laundering (AML) and knows your customer (KYC) regulations. This is all the more crucial when one considers how Binance’s alleged failure to comply with national laws in the U.S. has led to a severely costly lawsuit against it.
BNB is the fourth biggest cryptocurrency, according to CoinMarketCap, and this week has been rising by over 9%. It’s currently trading at around $341.74 per token with a market cap of over $53bn. Its price surge signals what Coinbase’s CEO Brian Armstrong has been predicting, which is the resurgence of crypto following a difficult 2022 in which the FTX collapse sent crypto prices crashing.
The question now is whether BNB has the resilience to sustain this.
Cryptocurrencies are notoriously volatile and vulnerable to negative changes. With all the signs of a new bull market emerging, BNB and its supporters will be hopeful of sustaining its rallying price.
The Big Eyes Coin Presale has surpassed expectations by amassing over $33 million in funding. Investors and enthusiasts alike eagerly embraced the opportunity to purchase a stake in what promises to be a solid investment early on.
One factor contributing to the success of the presale was the generous incentives provided to members of the Big Eyes Coin community, such as the END300 bonus code. By offering up to 300% more BIG tokens for purchases, this code further encouraged participation in the project.
Despite its initial appearance as just another meme coin with a cute cat theme and loyal following, Big Eyes Coin offers much more. The project boasts a detailed ecosystem consisting of NFTs and DeFi initiatives, demonstrating its potential to deliver value beyond mere novelty.
Having forged a strong following of dedicated supporters, Big Eyes Coin could deliver a big return for investors if it debuts onto the market as successfully as it has navigated its presales.
For more information on Big Eyes Coin, please visit the links: Website, Telegram, Twitter.
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