Coinbase went through hell because their product is worse than offshore exchanges. Less tokens available, much higher fees, no leverage. Why would any serious trader use coinbase when the alternatives exist? On top of that their expenses are far higher than their competitors, it's easy to see that the politics thing was the least of their issues.
Coinbase probably does all this because they want to be a reliable, profitable and somehow auditable business. If you don’t care what happens to customers funds, sure, yes, provide leverage and all kinds of tokens to your customers. I guess in a way you get what you pay for…
Right, Coinbase's problems aren't because of politics, they're because they're trying to be a reliable, profitable and somehow auditable business, and that's not what crypto traders are interested in.
Most crypto volume will continue to be in unregulated exchanges, traders just maybe will be more vigilant about not leaving money in them.
