Before i could say anything, maybe you should first hear out what the Coinbase Boss have to say
https://twitter.com/BTC_Archive/status/1762902467149238493?t=QX6b1x5RQozwEr5ZcnqPig&s=19https://talkimg.com/images/2024/02/29/fS0Hd.jpegI don't know what others are perceiving already about the recent clampdown of the Nigerian government on the use of Binance Exchange as they resulted to the cause of rise ion the USD value is due to the eminent presence of the global centralized exchange called Binance.
Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
Coinbase is a well-established and reputable cryptocurrency exchange, and it has a presence in Nigeria. However, it's worth noting that Binance is still the largest cryptocurrency exchange in the world, and it's unclear whether Coinbase can really compete with it in terms of market share. Additionally, Binance has a lot of features that make it attractive to Nigerian users, such as low fees and a wide range of coins. So, while Coinbase may have some advantages, it's hard to say for sure whether it will be able to overtake Binance
