This is the biggest news so far since the market is in the bloodbath. I am not sure about this if its a rumor or not but I think this is huge.
What if Facebook really wants to acquire the Coinbase, which is the one of the biggest Exchange in Crypto world.
We might see an influx of new users into crypto space after this news although, it is not confirmed yet.
Facebook is a big brand and acquiring Coinbase can make a huge impact on the market. As Facebook has a huge userbase and there are so many people out there, they don't know about Cryptocurrency, will get to know about crypto.
So, WHY WOULD FACEBOOK WANTS TO BUY COINBASE??
I think the best answer would be the users that are connected to Coinbase, it is the first exchange for most of the crypto investor and they have provided all their personal data, a copy of their passport and other details, for KYC purpose, which will be very helpful for Facebook to dominate the market.
What do you think about this? How you look at this ? will it be an advantage for crypto space where we talk about decentralize system. and we have been listening a lot about Institutional money coming into crypto, I think this coming month is the game changer for crypto.