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by capableweb 1614 days ago
Calling crypto.com anything near "apex of the cryptocurrency industry" is a very broad lie. Crypto.com is for people who just "wanna invest in crypto and get rich", others who are actually involved in the space (developers, companies and others) are nowhere near crypto.com as they have proven time and time again they are not serious about anything, even the basics like security.
2 comments

I would argue that by you giving the torch to crypto.com as the company that caters to casual users that "just wanna invest and get rich", it is indeed one of the apexes of the industry. A product successfully marketing a fringe and specialized technology to the average consumer is just that.
Is it? I'm not sure of numbers of total accounts but anyone who knows anything about crypto is suspicious of crypto.com as a platform and I don't know anyone who uses it when things like coinbase are available. They just bought an expensive URL and spammed a bunch of ads. If that makes them the apex of the industry I guess CALL THE GENERAL AND SAVE SOME TIME is the apex of the car insurance industry.
The two car insurance companies I see the most adverts from are State Farm and Geico - and yes, it looks like those two are the apex of their industry: https://www.valuepenguin.com/largest-auto-insurance-companie...
This is a common play in several industries. Art of Shaving markets itself well to casual people interested in traditional shaving products but they take regular products, mark them up by a lot, rebrand and then upsell. Nobody claims Art of Shaving is the apex of shaving. Best Buy does similar marketing in regard to electronics, but Best Buy certainly isn't the apex of electronics retailers. What makes you think cryptocurrency companies would be any different?
I would say Best Buy is an apex electronics retailer. Why wouldn't you?
Yes, but not the apex of the "electronics industry".
But that's not the industry he said.
Aren't they one of the largest exchanges?

EDIT: They're #3 (bigger than Coinbase). Only OKX and Binance are bigger[1].

1. https://www.coingecko.com/en/exchanges

No!

Coinbase is a large exchange...

I checked.

Crypto.com is the #3 exchange and bigger than Coinbase[1].

1. https://www.coingecko.com/en/exchanges

I don’t think that’s true..bigger than Binance? By what metric?
Coinbase doesn't have to be bigger than Binance to be "a large exchange" - we're not talking about "largest exchange" if you read the message.

It's definitely more established than crypto.com though.

Do you think crypto.com is larger than Binance?

Sorry completely misread, I thought you were saying it's the biggest