Big Drama: Coinbase and Binance Deny Each Other Over Media Leaks and Market Scramble!

Jakarta, Pintu News – The rivalry between two giant crypto exchanges , Coinbase and Binance, has heated up again after allegations emerged of information leaks allegedly being used to undermine their rivals. Both companies strongly deny any media attacks, asserting that the rumors are baseless.

This case adds to the long list of dynamics in the global cryptocurrency industry, which is already rife with competition, rumors, and tensions among its key players.

The controversy began when a Bloomberg report raised Binance's alleged involvement in a stablecoin project called USD1, which is linked to World Liberty Financial and former US President Donald Trump.

The report stated that Binance's wallet holds over $2 billion (equivalent to Rp32.5 trillion) in USD1, and highlighted the efforts of Binance founder Changpeng Zhao.

which is reportedly seeking a presidential pardon to return to the US market.

Rumors spread on social media after several crypto influencers alleged that Coinbase might be using Bloomberg's anonymous source to undermine Binance's reputation in the American market. These allegations were immediately denied by Paul Grewal, Coinbase's Chief Legal Officer, who asserted that the allegations were "pure misinformation" and emphasized that Coinbase was not attacking competitors personally or institutionally.