Coinbase CEO's comments on Binance settlement: Compliance is a difficult but correct decision.

On November 22nd, in response to the news of Binance reaching a historic settlement with US regulators, Coinbase CEO Brian Armstrong commented, emphasizing that embracing compliance is the right decision. Since its establishment in 2012, Coinbase has taken a long-term view, attached importance to compliance, obtained necessary licenses, recruited compliance and legal teams, and made winning customer trust and compliance a core part of its brand. Armstrong stated that although the road to compliance is more difficult and expensive, and not all customer demands can be quickly launched, it is the right direction because they believe in the rule of law. He mentioned that today's news further proves the correctness of Coinbase's chosen path and opens a new chapter for the entire industry. Despite facing many challenges in operating in the United States due to a lack of regulatory clarity, he hopes that this settlement will serve as a catalyst for ending uncertainty.