Interesting topic.

Although binance is not really having financial problems,  I found this which is quite problematic with authorities and can really lead to financial problems.

https://www.reuters.com/investigates/special-report/finance-crypto-currency-binance/

If binance is really helping out money laundry schemes,  authorities can give really high fines.


My biggest concern about coinbase is their stable coin, usdc.

If they can confiscate customer funds if they need, their stable coin really doesn't mean much in a terrible bear market.