It seems like Coinbase wants to get a lot of money from new projects. they seem to be jealous of the achievement of binance in influencing IEO. I want to see how they will make a surprise next year. if there will be a big manipulation in the market, we'll see.
I think Coinbase is very transparent in this market so competing with Binance is unnecessary because each exchange has its own strengths and Coinbase has helped a lot of other projects in this market. In my opinion with Coinbase finances, they can completely manipulate this market easily but of course they cannot do so because this is a market for everyone.
I personally prefer to use Binance in investing in IEO as this is a regular exchange that helps a lot of investors make big profits.