At the moment, they don't really have any competition or at least any that markets their services very well.
Potentially another manipulated market such as the argument about Mt.Gox bubble upthread. We could be witnessing a cashing out from recent altcoin bubbles while buying from himself to create the illusion of a rising price while doing so as they ostensibly did for the ETH bubble, e.g. Vitalik using Coinbase to cash out from ETH -> BTC -> USD.
Free markets = decentralized markets.
When you have whales and most volume going through 1 or 2 exchanges, you don't have decentralized markets.
I sincerely wish for him to be the first fiat BILLIONAIRE in the altcoin universe! He deserves it. He made invaluable contributions to crypto-currencies in general !
You're drunk on the
Ethereum Paradox Koolaid.
Do you know what a drunk looks like to the sober observers.
Afaics, he didn't contribute an iota of technology that is important.